PLI Scheme for Air Conditioners and LED Lights
Entities that enjoy benefits under other government PLI programs. India will not be eligible for this program. It will be implemented as a pan-India plan.
PLI Scheme for Air Conditioners and LED Lights – White Goods
09 April 2021 Current Affairs:The Union Cabinet approved the production-linked incentive (PLI) plan for white goods (air conditioners and LED lights) with a budget of Rs. 62.38 billion.
♦ The PLI plan for goods manufactured in India will provide companies engaged in the manufacture of air conditioners and LED lights with incentives of 4% to 6% for the incremental sales of goods manufactured in India within five years.
♦ Entities that enjoy benefits under other government PLI programs. India will not be eligible for this program. It will be implemented as a pan-India plan.
♦ The plan may benefit many global and domestic companies, including many small and medium enterprises.
♦ Benefits: It is estimated that in five years, the PLI plan will bring incremental investment in Rs. Incremental products worth 7.9 billion rupees, valued at rupees. 1,68,000 crore, the export value was 64,400 crore, the direct and indirect income was 49,300 crore, and 4 billion direct and indirect jobs were created.
♦ White goods: A large household appliance, also called a large household appliance or a large electrical appliance, is a non-portable or semi-portable machine used for routine daily housekeeping tasks such as cooking, washing clothes or preserving food. Such devices are sometimes collectively referred to as white goods because these products are traditionally white, although many colors are now available.