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GOI APPROVED THE INTRODUCTION OF THE PLI SCHEME FOR 13 KEY SECTORS

GOI APPROVED THE INTRODUCTION OF THE PLI SCHEME FOR 13 KEY SECTORS

Context:

The Government of India has approved(introducing the Production-Linked Incentive Scheme (PLI) in 13 key sectors for a total of Rs. 1,97,291crore.

Role of DPIIT:

  • Department for Promotion of Industry & Internal Trade (DPIIT) coordinates the execution of all PLI Schemes.
  • It is also the main department of the PLI Scheme for White Goods - Air Conditioners and the LED lighting sector.

PLI Scheme for White Goods:

  • The Union Cabinet led by Prime Minister Shri Narendra Modi approved DPIIT's proposal for the PLI White goods Program for the manufacture of components and sub-assemblies of ACs and LED lights has been approved.
  • The program will be implemented over seven years, from FY 2021-22 to FY 2028-29 and costs Rs. 6,238 million.

The 42 companies selected under the PLI Scheme for White Goods:

  • A total of 52 companies applied for a commitment of Rs. 5,858 crore under the PLI program.
  • After reviewing all the applications, 42 applicants who have committed a commitment of Rs 4,614 million were temporarily selected as beneficiaries under the PLI program.
  • Selected applicants include 26 to produce Air conditioner with a committed investment of Rs. 3,898 crore and 16 LED Lights production with a committed investment of Rs. 716 million.

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