March 8, 2022
The application window will be open from March 10 to April 25, 2022
In 2021, 52 companies applied online with a committed investment of INR 4,614 crore
Companies such as Daikin, Hitachi, Panasonic, Voltas, Mettube, Nidec, Dixon, and Havells have been provisionally selected
The PLI scheme is to be implemented over seven years with an outlay of INR 6,238 crore
The government has reopened the application window for the Production Linked Incentive (PLI) scheme for white goods — which includes ACs and LED lights — from March 10 to April 25, 2022, thus providing another opportunity to prospective investors who failed to apply last year. However, the incentive will be available only for the remaining tenure of the scheme as per the Department for Promotion of Industry and Internal Trade (DPIIT)
Last year, 52 companies applied online from June 15 to September 15. After evaluation, 42 applicants — including companies such as Daikin, Hitachi, Panasonic, Voltas, Mettube, Nidec, Dixon, and Havells — with a committed investment of INR 4,614 crore were provisionally selected as beneficiaries under the PLI scheme. Among the selected companies, 26 were manufacturers of air conditioners with committed investments of INR 3,898 crore, and 16 were LED lights manufacturing companies with committed investments of INR 716 crore. Additionally, six other applicants proposed foreign direct investment (FDI) from countries sharing a land border with India, specifically China, were advised to submit approval for said FDI for consideration of approval under the PLI scheme.
The PLI scheme for white goods is to be implemented over a seven-year period – from 2021-22 to 2028-29 – with an outlay of INR 6,238 crore.
