Government has approved a committed investment of 6 thousand 766 crore rupees to the 64 Applicants under the Production Linked Incentive Scheme (PLI) for White Goods containing Air Conditioners and LED lights.
In a statement, the Ministry of Commerce and Industry has said that all those companies who opted for Gestation Period 2021-22 have been commissioned. It added they have achieved 234% of their total threshold investment. The Ministry said, the companies eligible for current year 2023-24, their online applications are under examination by the Project Management Agency. It added that there is no delay in PLI disbursement under the Scheme and PLI will be disbursed by March this year.
The Department for Promotion of Industry and Internal Trade is currently implementing the PLI Scheme for White Goods as one of the PLI Schemes out of the 14 PLI Schemes of the Government of India. The Scheme is leading to the development of robust component ecosystem in India and a step forward for Atmanirbhar Bharat in important sectors of the economy.