The Ministry of Commerce & Industry (MoCI) on January 20, 2025, notified regarding Companies selected under PLI Scheme for White Goods (ACs and LED Lights).
The PLI Scheme is poised to significantly boost the production of Components of ACs & LED Lights across India. In the third round of the on-line application window of the Production-Linked Incentive (PLI) Scheme, a total of 38 applications were received. After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of Air Conditioners and 8 manufacturers of LED Lights, with committed investment of Rs 2,299 crore.
The Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) aims to enhance India's manufacturing capabilities and economic growth. Under the scheme, 84 companies are set to invest Rs. 10,478 crore, with an expected production value of Rs. 1,72,663 crore. Six existing beneficiaries are upgrading to higher investment categories, committing an additional Rs. 1,217 crore. Thirteen applicants, including two existing ones, are under review by the Committee of Experts for further evaluation. One applicant has withdrawn from the scheme.
The PLI Scheme, approved by the Union Cabinet in April 2021, runs from FY 2021-22 to FY 2028-29 with an outlay of Rs. 6,238 crore. It provides incentives of 6% to 4% on incremental sales over five years. The goal is to develop a robust component ecosystem for Air Conditioners and LED Lights in India, boosting domestic value addition from 15-20% to 75-80% and integrating India into global supply chains.
[Release ID: 2094465]
