Govt approves Rs 6,238 cr PLI scheme for air-conditioners, LED lights
The government on Wednesday approved a production linked incentive (PLI) scheme for white goods – Air Conditioners and LED Lights – with a budgetary outlay of Rs 6,238 crore.
The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi.
Commerce and Industry Minister Piyush Goyal said the approval of the scheme for ACs and LEDs will give a boost to domestic manufacturing.
The prime objective of the scheme is to make manufacturing in India globally competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies.
It is designed to create a complete component ecosystem in India and make India an integral part of the global supply chains. The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially.
