India Reopens PLI Scheme for White Goods to Boost Manufacturing and Investment
Currently, 66 applicants have been selected as beneficiaries under the PLI scheme, with a total committed investment of Rs 6,962 crore.
image for illustrative purpose
To boost domestic manufacturing in India, the government of India has announced the reopening of the Production Linked Incentive (PLI) scheme application window for white goods.
As per the press release, the application window will reopen on July 15, 2024, and will close on October 12, 2024. No applications will be entertained after the last date. To prevent discrimination, both new and existing beneficiaries are eligible to apply.
To date, a total of 66 applicants have been selected as beneficiaries under the PLI scheme, with a total committed investment of Rs 6,962 crore.
Companies such as Johnson Hitachi, Panasonic, Blue Star, Haier, and LG have invested in manufacturing air conditioners. For LED lights, entities like Dixon, Surya, Orient, Halonix, Adsun, and Stovekraft have also made investments.
Introduced by the Union Cabinet in April 2021, the scheme aims to drive manufacturing growth in India. With a total outlay of Rs 6,238 crore, the PLI scheme will be implemented over seven years, from FY 2021-22 to FY 2028-29.
These investments are expected to enable manufacturing of AC and LED components across the entire value chain in India.
The scheme also encourages the production of components that were previously not manufactured in the country, thus promoting India's economic growth and generating employment opportunities.
For a detailed information on scheme guidelines, visit the following link:
https://dpiit.gov.in/sites/default/files/Consolidated_Guidelines_PLIScheme_23October2023.pdf
