PLI Scheme for White Goods

Companies that meet the pre-qualification criteria for various target market segments will be eligible to participate in the Scheme.
Sheena

Updated: Jun 07, 2021 01:18:25 pm

07 June 2021 Current Affairs:A planning guide issued for the Production Linked Incentive plan of Indian manufacturers of white goods (air conditioners and LED lights).

Highlights:
♦ The Department of Industry and Internal Trade (DPIIT) has issued guidelines for the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) manufacturers in India.
♦ The scheme's goal is to establish a complete component ecosystem in India and to integrate India into global supply chains.
♦ This scheme is expected to attract global investment, strengthen manufacturing and create large-scale employment opportunities.
♦ The PLI Scheme will be implemented over a five-year period, from FY 2021-22 to FY 2028-29, with an overall budget of Rs. 6,238 crores.
♦ The application period runs from June to September 2021.
♦ Companies that meet the pre-qualification criteria for various target market segments will be eligible to participate in the Scheme. Companies that make brownfield or greenfield investments will be eligible for incentives. To claim incentives, incremental sales of manufactured goods and thresholds of cumulative incremental investment over the base year would have to be met.
 
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