North News
New Delhi, January 20
India’s Production-Linked Incentive (PLI) Scheme for white goods has attracted a total investment commitment of Rs 3,516 crore in its third round, with 24 beneficiaries signing on to boost production of air conditioner (AC) and LED light components. Out of 38 applications received, 18 new companies—10 in AC components and 8 in LED lights—have been provisionally selected, contributing Rs 2,299 crore to the initiative.
In addition, six existing PLI beneficiaries will upgrade to higher investment categories, adding Rs 1,217 crore to the scheme. Meanwhile, 13 applicants, including two existing participants, are under review by the Committee of Experts (CoE), and one applicant has withdrawn from the process.
The PLI Scheme for White Goods, now involving 84 companies, will generate investments totaling Rs 10,478 crore, potentially yielding production worth Rs 1,72,663 crore. Components set to be manufactured under the scheme include compressors, copper tubes, heat exchangers, and BLDC motors for ACs, alongside LED chip packaging, drivers, and other components for LED lights.
Launched by the Union Cabinet in April 2021, the scheme spans from FY 2021-22 to FY 2028-29, with an outlay of Rs 6,238 crore. The initiative aims to strengthen India’s manufacturing sector and enhance its role in global supply chains. Incentives for the scheme will range from 6% to 4% on incremental sales over a five-year period. Domestic value addition in the sector is expected to rise from 15-20% to 75-80%.
