Business
Centre To Reopen Application Window For Rs 6,238 Crore PLI Scheme For Air Conditioners And LED Lights From 10 March
Air Conditioners
The Centre has decided to reopen the application window for the productivity linked incentive (PLI) scheme to boost domestic manufacturing of Air Conditioners and LED lights from 10 March to 25 April.
The PLI Scheme for White Goods for manufacture of components and sub-assemblies of Air Conditioners (ACs) and LED Lights, which was approved by the Union Cabinet in April last year with an outlay of Rs 6,238 crore, was notified by the Department for Promotion of Industry and Internal Trade (DPIIT) on 16 April 2021.
The on-line applications for the Scheme, which is to be implemented over a seven-year period, from FY 2021-22 to FY 2028-29, were invited from 15 June 2021 to 15 September 2021.
A total of 52 companies had filed their application for the PLI scheme.
After evaluation of all the applications, 42 applicants with committed investment of Rs 4,614 crore have been provisionally selected as beneficiaries under the PLI scheme.
The selected applicants include 26 for Air Conditioners manufacturing with committed investments of Rs 3,898 crore and 16 for LED Lights manufacturing with committed investments of Rs 716 crore.
Now, the government has decided to reopen the application window for the scheme.
"The application window for the Scheme shall remain open for the period from the 10th March to 25th April, 2022 (inclusive) on the same online portal," the Commerce Ministry said in a release on Monday (7 March).
The incentive shall be available only for the remaining tenure of the Scheme, the ministry noted.
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