Cabinet okays PLI scheme for solar, white goods units

NEW DELHI: The Union Cabinet on Wednesday approved a production linked incentive (PLI) scheme for white goods and solar PV module manufacturing plants, with a budgetary outlay of Rs 6,238 crore and Rs 4,500 crore respectively.

“The PLI scheme for white goods shall extend an incentive of 4 per cent to 6 per cent on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights,” an official statement said.