PLI disbursement for white goods expected to start from Q4: DPIIT Secretary
incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components.
«In the last quarter (January-March), we are expecting some disbursements,» Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here.
Of the 64 selected beneficiaries of the PLI scheme, 15 have started production. These 15 beneficiaries had opted for a gestation period of up to March 31, 2022. Rest of the beneficiaries who opted for gestation period of up to March 31, 2023 are at different stages of implementation.
The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29 and has an outlay of Rs 6,238 crore.
Singh also said that in PLI sectors like auto and white goods, gestation period is longer and companies have to cross the investment threshold to qualify for the incentives, which takes time.
This is the design of the scheme and investments and production have to be front-loaded and then benefits are provided, the secretary in Department for Promotion of Industry and Internal Trade (DPIIT) said.
Till March, Rs 2,900 crore worth incentives have been disbursed under the Rs 1.98 lakh crore PLI scheme.
Approval of the Rs 1,000 crore additional incentives for this year has been granted for companies engaged in electronics manufacturing.
The secretary said that some of the sectors in the PLI scheme like electronics, mobile manufacturing, pharma and food processing are doing well while in some sectors like textiles,
