DPIIT issues guidelines on Rs 6,236 crore PLI scheme for white goods
The Department for Promotion of Industry and Internal Trade (DPIIT) on Friday said it will provide incentives worth Rs 6,238 crore over a period of five years for manufacturing white goods–air conditioners (ACs), LED lights–in India, a part of its production-linked incentive (PLI) scheme.
The scheme will offer an incentive of 4-6 per cent on incremental sales of goods manufactured in India to companies engaged in manufacturing of ACs and LED Lights. While 2019-20 will be treated as the base year, the tenure of the scheme will be from 2021-22 to 2028-29.
The objective of the scheme is to create a complete component ecosystem in India and make the country an integral part of global supply chains, an official statement said.
