White Goods PLI: Centre Reopens Application Window

0

The move is aimed to give a second chance to prospective investors to take benefits of the Scheme

The application window for production linked incentive scheme (PLI) for white goods- Air Conditioners and LED Lights has been reopned by the Centre.

“The application window for the Scheme shall remain open for the period from the 10th March to 25th April, 2022 on the same on-line portal…No application shall be accepted after the closure of the application window,” the department of policy for industry and internal trade (DPIIT), nodal ministry of PLI said in a release.

The incentive shall be available only for the remaining tenure of the Scheme.

The move is aimed to give a second chance to prospective investors to take benefits of the Scheme, which will boost domestic manufacturing of components and sub-assemblies of Air Conditioners and LED Lights.

The Union Cabinet had given approval for the PLI Scheme for White Goods for
manufacture of components and sub-assemblies of Air Conditioners (ACs) and LED
Lights on in April last year in pursuance of Prime Minister’s clarion call for ‘Atmanirbhar
Bharat’.

The Scheme is to be implemented over a seven-year period, from FY 2021-22 to FY 2028-29 and has an outlay of Rs. 6,238 crore. Applicants were given flexibility to choose the gestation period either up to March 2022 or up to March 2023.

The Scheme was approved by the Union Cabinet in April last year to give a push to Aatmanirbhar Bharat. The Scheme to be implemented over a seven-year period, from FY 2021-22 to FY 2028-29 has an outlay of Rs. 6,238 crore.

Of the total 52 companies that filed their application, 42 applicants with committed investment of ₹4,614 crore have been provisionally selected as beneficiaries under the PLI scheme.

The selected applicants include 26 for Air Conditioners manufacturing with committed investments of Rs. 3,898 crore and 16 for LED Lights manufacturing with committed investments of Rs. 716 crore.

Under the Scheme, AC and LED lights manufacturers will get an incentive of 4-6 per cent on incremental sales of goods manufactured in India for a period of five years.

For selection, companies investing in basic/core components have a higher priority. Also, within a target segment, ‘Large Investment’ shall have a higher priority over ‘Normal Investment’.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!