Over 59 companies apply to avail incentives under 'White Goods' component PLI

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SME Times News Bureau | 16 Sep, 2021
The Centre on Thursday said that 52 companies have applied to avail PLI scheme to incentivise the domestic manufacturing of 'White Goods' components.

According to the Ministry of Commerce and Industry, 52 companies have filed their application with 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 had approved 'Production-Linked Incentive Scheme for White Goods (Air Conditioners and LED lights)', to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 crore.