The Department for Promotion of Industry and Internal Trade (DPIIT) has called on white goods manufacturers to take advantage of the fiscal benefits available under the production-linked incentive (PLI) scheme. Despite the incentives offered, the response from the sector has been muted so far. The government aims to encourage greater participation to boost domestic manufacturing in key industries.
Reopening of Application Window
On Monday, DPIIT’s Additional Secretary, Rajeev Singh Thakur, announced that the application window for the PLI scheme has been reopened. This scheme specifically targets the white goods sector, focusing on manufacturers of air conditioners (ACs) and LED lights. The department is actively encouraging manufacturers to apply in large numbers to benefit from the financial incentives under the scheme.
Importance of the PLI Scheme for White Goods Sector
The PLI scheme aims to promote domestic production and reduce dependence on imports by offering incentives tied to increased manufacturing output. It is especially crucial for the white goods sector, including ACs and LED lights, as these products are high in demand and have significant potential for growth in the Indian market.
Multiple Choice Questions (MCQs):
1. What sector does the DPIIT’s PLI scheme target?
a) Pharmaceuticals
b) White Goods (ACs and LED lights)
c) Automotive
d) Textiles
Answer: b) White Goods (ACs and LED lights)
2. Who is the Additional Secretary in DPIIT that made the announcement about the PLI scheme?
a) Nirmala Sitharaman
b) Rajeev Singh Thakur
c) Piyush Goyal
d) Amitabh Kant
Answer: b) Rajeev Singh Thakur
3. What is the main purpose of the PLI scheme for the white goods sector?
a) To increase imports
b) To promote domestic manufacturing
c) To reduce exports
d) To promote foreign investments
Answer: b) To promote domestic manufacturing
4. What has been the response so far to the PLI scheme for white goods?
a) Overwhelming participation
b) Muted response
c) No applications received
d) All manufacturers have participated
Answer: b) Muted response
5. The PLI scheme’s focus is on which types of products in the white goods sector?
a) Washing machines and refrigerators
b) Air conditioners (ACs) and LED lights
c) Televisions and radios
d) Kitchen appliances
Answer: b) Air conditioners (ACs) and LED lights