Guidelines for
White Goods (Air Conditioners and LED Lights) under PLI Scheme Issued
·
Applications Invited from 15th June to 15th September
2021
Department for Promotion of Industry and Internal Trade (DPIIT),
Ministry of Commerce and Industry, Government of India notified the Production Linked
Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) manufacturers
in India on 4 June 2021. The objective of the scheme is to create complete component
ecosystem in India and make India an integral part of the global supply chains.
With due consultations with industry and other stakeholders, DPIIT issued detailed
Scheme Guidelines for effective operation and smooth implementation of the Scheme.
The Scheme is expected to attract global investments, enhance manufacturing and
generate large scale employment opportunities.
The PLI Scheme will be implemented within the overall financial
limits of Rs. 6,238 Crores (Six thousand two hundred thirty-eight
Crore) over a period of 5 years during FY 2021-22 to FY 2028-29.Eligible Investment
made in terms of Scheme guidelines, on April 1, 2021 or thereafter, shall be reckoned
for considering the incentive under the Scheme.
Detailed Scheme Guidelines may be accessed at https://dipp.gov.in/production-linked-incentive-scheme/production-linked-incentive-scheme-pli-white-goods.
The application window for the Scheme shall be open from 15th
June 2021 to 15th September, 2021.
Companies meeting the pre-qualification criteria for different
target segments will be eligible to participate in the Scheme. Incentives shall
be open to companies making brown field or green field Investments. Thresholds of
cumulative incremental investment and incremental sales of manufactured goods over
the base year would have to be met for claiming incentives.
An entity availing benefits under any other PLI Scheme of Govt.
India may take benefits under other applicable schemes of Govt. of India or schemes
of State governments.
A number of global and domestic companies, including a number
of MSMEs are likely to benefit from the Scheme. The Scheme is expected to be instrumental
in achieving growth rates that are much higher than existing ones for AC and LED
industries, develop complete component eco-systems in India and create global champions
manufacturing in India.