PLI scheme attracts Rs 35.16 Bn for AC and LED manufacturing

The Production-Linked Incentive (PLI) Scheme for white goods has attracted Rs 35.16 billion in committed investments during its third round of applications. The initiative, aimed at bolstering domestic manufacturing of air conditioner (AC) and LED light components, saw 38 applications, of which 18 new companies have been provisionally selected. The newly approved companies include 10 manufacturers of AC components and 8 of LED components, committing Rs 22.99 billion in investments. Additionally, six existing beneficiaries upgraded to higher investment categories, adding Rs 12.17 billion to the total. The investments are expected to strengthen India's manufacturing ecosystem and reduce import dependency. The scheme, launched in April 2021 with an outlay of Rs 62.38 billion, aims to integrate India into global supply chains for white goods. Components like compressors, heat exchangers, LED chip packaging, and light management systems will be produced domestically under the scheme.

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