52 cos apply with Rs 6,000-cr investment proposals for AC, LED PLI scheme

Around 52 companies have applied for availing production-linked incentives (PLIs) for white goods makers, proposing an investment of around Rs 6,000 crore in the manufacturing of components for air conditioners and LED lights.

Most of the investments are expected to happen in the next two-three years; and after that, local production for components for AC and LED light is expected to start, said FICCI Electronics Manufacturing Committee Chairperson Manish Sharma.

This will not only help in saving the foreign currency, as the majority of the components in AC and LED lights are imported from countries as China and Taiwan, but also create job opportunities in the country.