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Forty two firms provisionally selected for PLI scheme

The govt said 26 companies will invest Rs 3,898 crore for air conditioner components and 16 companies will invest Rs 716 crore for LED component manufacturing
Representational image.
Representational image.
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Our Special Correspondent   |   New Delhi   |   Published 04.11.21, 01:47 AM

Forty two firms, including Daikin, Panasonic, Syska and Havells, with a committed investment of 

Rs 4,614 crore have been provisionally selected as beneficiaries under the production linked incentive scheme for the white goods sector, the government said on Wednesday.

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The government said 26 companies will invest Rs 3,898 crore for air conditioner components and 16 companies will invest Rs 716 crore for LED component manufacturing. 

Investment of around Rs 4,614 crore is envisaged, which will create additional direct employment for about 44,000 persons. The scheme will be implemented over a seven-year period from 2021-22 to 2028-29 and has an outlay of Rs 6,238 crore.

“Total 52 companies filed their application with committed investment of Rs 5,858 crore under the PLI scheme. After evaluation of all the applications, 42 applicants with committed investment of Rs 4,614 crore have been provisionally selected as beneficiaries under the PLI scheme,” the commerce and industry ministry said in a statement.

Applicants selected include Daikin Airconditioning India, Amber Enterprises India, PG Technoplast, Hindalco, Mettube India, Blue Star Climatech, Havells India, Johnson Controls Hitachi Air Conditioning India, Voltas, IFB Industries, Dixon Devices, Panasonic India, Syska and Haier Appliances (India) Ltd.

Six applicants proposing FDI from countries sharing land border with India have been advised to submit their applications for approval, it added. Further, four applicants have been referred to the Committee of Experts (CoE) for examination.

“The investments in Air Conditioners will lead to manufacturing components across the complete value chain including components which are not manufactured in India with sufficient quantity,” it said.

At present, there is insignificant manufacturing of certain high value components of ACs like compressors, copper tubing and aluminium stock for foils. Many other components like control assemblies for indoor units (IDU) or outdoor units (ODU), display units, brushless direct current motors and valves are not manufactured in enough quantity.

“All these components will now be manufactured in India in significant quantities. Similarly, LED Chip packaging, LED Drivers, LED Engines, LED Light Management Systems, PCBs including metal clad PCBs and Wire wound inductors etc. will be manufactured in India in high quantities,” it said.



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