The approved investments of Rs 4,614 crore are likely to generate net incremental production of around Rs 81,254 crore and direct employment of about 44 thousand people
The for Promotion of Industry & Internal Trade (DPIIT) has provisionally selected 42 applicants with committed investment of Rs 4,614 crore under the PLI for White Goods. The selected applicants include 26 for Air Conditioner manufacturing with committed investments of Rs 3,898 crore and 16 for LED Lights manufacturing with committed investments of Rs 716 crore.
Six applicants proposing FDI from countries sharing land border with India have been advised to submit approval for FDI in terms of Press Note 3 (2020) dated 17.4.20 for consideration of approval under the PLI Scheme.
The approved investments of Rs 4,614crore are likely to generate net incremental production of around Rs 81,254 crore and direct employment of about 44 thousand people.
The investments in Air Conditioners will lead to manufacturing components across the complete value chain including components which are not manufactured in India with sufficient quantity. At present, there is insignificant manufacturing of certain high value components of ACs like Compressors, copper tubing and aluminium stock for foils.
Many other components like control assemblies for indoor units (IDU) or outdoor units (ODU), display units, brushless direct current motors, valves etc. are not manufactured in enough quantity. All these components will now be manufactured in India in significant quantities.
Similarly, LED Chip packaging, LED Drivers, LED Engines, LED Light Management Systems, PCBs including metal clad PCBs and Wire wound inductors etc. will be manufactured in India in high quantities. This is a huge step forward for Atmanirbhar Bharat in important sectors of economy.
Four applicants have been referred to the Committee of Experts (CoE) for examination and its recommendations. Applications for the Scheme were invited from 15.06.2021 to 15.09.2021. Total 52 companies filed their application with committed investment of Rs. 5,858 crore under the PLI scheme.
