News Karnataka
Monday, October 25 2021

Industry

Production-Linked Incentives Scheme for White Goods: over 59 Cos apply

Production-Linked Incentives

New Delhi: The Centre on Thursday said that 52 companies have applied to avail Production-Linked Incentives cheme to incentivise the domestic manufacturing of ‘White Goods’ components.

According to the Ministry of Commerce and Industry, 52 companies have filed their application with a committed investment of Rs 5,866 crore under the PLI scheme.

The deadline for applications to avail the benefit of the scheme closed on September 15.

Several companies like Daikin, Panasonic, Hitachi, Mettube, Nidec, Voltas, Bluestar, Havells, Amber, EPack, TVS-Lucas, Dixon, R.K. Lighting, Uniglobus, RadhikaOpto, Syska among others have applied for manufacturing critical components of air conditioners and LED lights.

“Applications have been filed for production of components which are not manufactured in India presently with sufficient capacity.”

The Union Cabinet approved ‘Production-Linked Incentives Scheme for White Goods (Air Conditioners and LED lights)’. This will be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 crore.

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