The PLI scheme for white goods including components for ACs and LEDs has seen 52 companies applying to avail its benefits with an investment proposal of Rs 5,866 crore
Contract electronics manufacturer PG Electroplast has revealed that it has applied for the production-linked incentive (PLI) scheme for white goods, particularly for the manufacturing of AC components.
The manufacturer has committed Rs 300 crore has a capex investment over the next five years for manufacturing air conditioner (AC) components, it said in a statement.
It further said that it has already started the first phase of its planned investment and is also building up its design and R&D capabilities for the AC segment.
PG Electroplast Managing Director (Operations) Vikas Gupta said, “We want to create a strong domestic component ecosystem in the nation. With this, we will be able to help India turn into a worldwide manufacturing powerhouse.”
The PLI scheme for white goods including components for ACs and LEDs has seen 52 companies applying to avail its benefits with an investment proposal of Rs 5,866 crore.
Companies including Daikin, Panasonic, Hitachi, Mettube, Nidec, Voltas, Blue Star, Havells, Amber, EPack, TVS-Lucas, Dixon, R K Lighting, Uniglobus, Radhika Opto and Syska have applied for the scheme, the Department for Promotion of Industry and Internal Trade said.
For Air Conditioners, several companies will be manufacturing compressors, copper tubing, aluminium stock for foils, control assemblies for IDU or ODU, Display units, BLDC motors among other components.
The selection of applicants will be done within 60 days from the date of closure of the application window or by November 15, the Department for Promotion of Industry and Internal Trade (DPIIT) had said.