Posted inNational News
DPIIT Affirms Progress and Impact of PLI Scheme for White Goods
The Department for Promotion of Industry and Internal Trade (DPIIT) has provided an update on the implementation of the Production Linked Incentive (PLI) scheme targeting the white goods sector, specifically Air Conditioners (AC) and LED lights. The scheme, spanning from 2021-22 to 2028-29 with a total outlay of Rs 6,238 crore, aims to boost manufacturing in India. Notably, all 15 projects companies opting for a gestation period ending in 2021-22 have been successfully commissioned, with applications from other companies under examination for incentive disbursement. The scheme has attracted investments from both multinational and domestic companies, with a strategic focus on incentivizing the manufacturing of components and sub-assemblies. The DPIIT oversees the implementation of this scheme, with IFCI Ltd serving as the Project Management Agency (PMA). Through its innovative design, the PLI scheme aims to significantly enhance domestic value addition in the white goods sector.