Cabinet clears PLI schemes for white goods, solar modules

The Cabinet chaired by prime minister Narendra Modi on Wednesday approved two production linked incentive (PLI) schemes for air conditioners, LED lights and solar modules worth ₹10,738 crore.

PLI schemes, originally announced last year, seek to create global manufacturing champions in India by removing sectoral disabilities and creating economies of scale to develop complete component eco-systems in India. Prime Minister Narendra Modi in February invited global firms to take advantage of the ₹1.97 trillion PLI schemes for 13 sectors and expand their manufacturing in India.

While the PLI scheme for the white goods is worth ₹6238 crore, for solar modules the scheme is worth ₹4500 crore.