Govt. picks 42 white goods firms for PLI
The Hindu
The government on Wednesday said it has ‘provisionally selected’ 42 air-conditioner and LED manufacturers, including Daikin, Blue Star, Panasonic, Syska and Orient Electric, with committed investment
The government on Wednesday said it has ‘provisionally selected’ 42 air-conditioner and LED manufacturers, including Daikin, Blue Star, Panasonic, Syska and Orient Electric, with committed investment of ₹4,614 crore as beneficiaries under Production-Linked Incentive (PLI) scheme for white goods.
“The approved investments of ₹4,614crore are likely to generate net incremental production of around ₹81,254 crore and direct employment for about 44,000 people,” the Minister of Commerce and Industry said in a statement.
It added that a total of 52 companies had filed applications with committed investment of ₹5,858 crore under the scheme and after evaluation of all the applications, 42 firms have been provisionally selected as beneficiaries. The selected applicants include 26 for air-conditioner manufacturing with committed investments of ₹3,898 crore and 16 for LED Lights manufacturing with committed investments of ₹716 crore.
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