PLI Scheme: The Modi government has selected 15 companies, including Adani Copper Tubes, under the Production Linked Incentive (PLI) scheme for the white goods sector.
PLI Schemes: 15 companies, including Adani Copper Tubes, have been selected under the Production Linked Incentive (PLI) scheme for the white goods sector. The Central Government has given this information today (June 28). These companies have committed to invest a total of Rs 1,368 crore and their selection is currently on provisional basis. Under white goods, products related to air conditioner (AC) and LED lights come.
Under the first phase of the PLI scheme, in November last year, 42 companies, including Daikin, Panasonic, Syska and Havells, were selected under the scheme. These 42 companies had committed an investment of Rs 4614 crore.
PLI Scheme: Selection of 15 companies including Adani Copper Tubes, thousands of direct employment opportunities with an investment of 25 thousand crores
19 companies had applied
In March this year, the government had reopened the application window for AC and PLI lights under the PLI scheme of 6238 crores. The government had taken the decision to open it again because many companies had expressed their desire to join this scheme. 19 companies had applied in this round. The Ministry of Commerce and Industry said that after examining all these applications received in the second round, the approval was stamped on 15 who have talked about an investment of Rs 1368 crore.
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4 thousand direct opportunities of employment will be ready
Of the companies that have been selected under the second phase of the PLI scheme, six manufacture components of ACs. These companies have committed an investment of Rs 908 crore. At the same time, nine companies make LED light components, which have said an investment of Rs 460 crore. These 15 companies will prepare products worth Rs 25583 crore in five years and this will provide direct employment to 4 thousand people. The PLI scheme of White Goods has been designed to create a complete component ecosystem for the AC and LED industry in the country and make India an integral part of the global supply chain.