Centre To Reopen Application Window For Rs 6,238 Crore PLI Scheme For Air Conditioners And LED Lights From 10 March
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.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.