Centre Reopens PLI Scheme Application Window for White Goods Until October 14
The Union government has reopened the application window for the Production-Linked Incentive (PLI) scheme for white goods, specifically focusing on air conditioners and LED lights. The window is open from September 15 to October 14, 2024. This move aims to boost the domestic manufacturing of components that are currently not produced in sufficient quantities in India. The decision follows growing industry confidence and market growth. Both new applicants and existing beneficiaries looking to increase their investments are eligible. To date, 83 applicants with a committed investment of ₹10,406 crore have been selected under the scheme, which has a total outlay of ₹6,238 crore.
Key Points
- The scheme targets the manufacturing of components and sub-assemblies for ACs and LED lights to create a complete domestic value chain.
- The reopening of the application window is driven by high industry appetite and the success of previous rounds.
- The PLI scheme for white goods was originally approved in April 2021 with a seven-year implementation period.
- The initiative is designed to reduce import dependency and enhance India's manufacturing capabilities in the electronics sector.
Exam Facts
- Total scheme outlay: ₹6,238 crore.
- Implementation period: FY 2021-22 to 2028-29.
- Current status: 83 applicants selected with ₹10,406 crore committed investment.
Read it. Retain it. Recall it.
Get spaced-repetition flashcards, daily quizzes and offline access — free on Android.