New Delhi: The government on Monday said it has reopened the application window for its Rs 6,238-crore production-linked incentive (PLI) scheme for air-conditioners (ACs) and LED lights, aimed at providing more players. To adjust, as expressed by many firms. interest in the initiative.
42 firms including Daikin, Panasonic, Syska and Havells have been provisionally selected as beneficiaries with already committed investment of Rs 4,614 crore under the PLI scheme for the white goods sector (AC and LED lights).
“Additional applications are invited … for investment under the scheme on the same terms and conditions as prescribed in the scheme guidelines … The incentive will be available only for the remaining tenure of the scheme,” it said.
The cabinet had on April 7, 2021 approved the PLI scheme for white goods for manufacturing of components and sub-assemblies of AC and LED lights.
The scheme is to be implemented over a period of seven years from 2021-22 to 2028-29.
Anil Agarwal, Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said that more companies have shown keen interest to participate in the scheme and that is why the application window has been reopened.
The total outlay is Rs 6,238 crore and 42 applicants have committed an investment of Rs 4,614 crore, so there is still a reserve of over Rs 1,600 crore.
“We still have some reserves. More applicants will come. We are looking at multinational firms and they will come. There is a lot of interest in the AC industry as India has a Comprehensive Economic Partnership agreement with UAE and so on. Negotiations are on on the agreements,” Agarwal told PTI.
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