Govt reopens PLI window for white goods
PLI scheme for white goods (ACs and LED lights) for 90 days based on the appetite of the industry to invest more under the scheme due to the growing market and confidence generated for manufacturing of key components of ACs and LED Lights in India.
Leading manufacturers such as Tata-owned Voltas, Daikin, Blue Star, and Dixon Technologies are evaluating whether to make fresh applications, company executives said. These companies are beneficiaries of the first phase of the PLI scheme.
ET broke the story in its edition dated June 21.
Blue Star will decide in 15 days to make its decision. “You must be achieving certain revenue in order to earn PLI. So, we are working out whether we will be able to generate the required revenue, and what our backward integration status is. We have already confirmed to the government that we are evaluating,” B Thiagarajan, managing director of Blue Star told ET.
Jasbir Singh, chief executive of Amber Group said, «We are waiting for the guidelines. Post that, we will plan.»
The Production Linked Incentive (PLI) Scheme for White Goods (PLIWG) has an outlay of Rs. 6,238 crores, which is to be implemented over seven years from FY22 to FY29. The PLI claims will now be processed on a quarterly basis rather than annually.
The application window will open from 15th July 2024 to 12th October 2024.
Both new applicants and existing beneficiaries of PLIWG, who would want to invest more by switching to a higher target segment or their group companies applying under different target segments,
