Rs. 6K-cr investments for white goods PLI

As many as 52 companies including Daikin, Panasonic, Hitachi, Voltas, Mettube, Nidec, and Havells - have pledged investments of Rs. 5,886 crores under the production linked incentive (PLI) scheme for white goods, the department for the promotion industry and internal trade (DPIIT) said on 16 September 2021.

Under the scheme, eligible investors in air-conditioners, LED lights and such components will get incentives of 4-6% on incremental sales (to be calculated over the base year of 2019-20) of products manufactured in India. The total incentives of Rs. 6,238 crores will be disbursed over five years.

The selection of eligible candidates will be completed by November 15, the DPIIT said.

Source: Financial Express