PLI schemes worth ₹10,738 cr for solar PV and white goods approved by Cabinet

Cabinet on Wednesday approved two production linked incentive schemes (PLI) for ₹10,738 crore. As per a cabinet briefing by Union Minister Prakash Javadekar and Piyush Goyal, PLIs have been considered for high-efficiency solar PV modules and LED and air conditioner. PLI of ₹6,238 has been approved for LED and air conditioner, and ₹4,500 crore for the high-efficiency solar PV modules.

Speaking about the PLI for LED and air conditioner Union Minister Piyush Goyal said, Union Cabinet chaired by PM Narendra Modi has approved Production Linked Incentive (PLI) scheme for manufacturing of white goods (that is, air-conditioners and LEDs) and high-frequency solar PV modules.”

He added, “With this decision of the Union Cabinet today, a total of 9 out of 13 PLI schemes have been approved to date, while the rest of the 4 schemes are in an advanced stage. Together these schemes will give a big push to India’s manufacturing sector.”