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Giving one more chance to prospective investors to benefit from the Scheme, the Government has reopened the application window for the Production Linked Incentive (PLI) Scheme for White Goods (PLIWG) (ACs and LED Lights) for 90 days. The application window for the Scheme will remain open for the period from July 15, 2024 to October 12, 2024 (inclusive) on the same terms & conditions stipulated in PLIWG Scheme notified on April 16, 2021 and PLIWG Scheme Guidelines issued on June 04, 2021, as amended from time to time.

So far, 66 applicants with committed investment of Rs 6,962 crore have been selected as beneficiaries under the PLI scheme. For manufacturing components of Air conditioners (ACs) companies like Daikin, Voltas, Hindalco, Amber, PG Technoplast, EPACK, Mettube, LG, Blue Star, Johnson Hitachi, Panasonic, Haier, Midea, Havells, IFB, NIDEC, Lucas, Swaminathan, and Triton Valves etc. have invested.

Similarly, in manufacturing components of LED lights, companies like Dixon, R K Lighting, Radhika OPTO, Surya, Orient, Signify, Crompton Greaves, Stove Kraft, Cosmo Films, Halonix, Chenfeng, Fulham, Adsun, Inventronix and Luker etc. have invested. These investments will lead to manufacturing of components of Air Conditioners and LED Lights across the complete value chain including components which are not manufactured in India presently with sufficient quantity.

Earlier, the Union Cabinet had given approval for the PLI Scheme for White Goods for manufacture of components and sub-assemblies of Air Conditioners (ACs) and LED Lights on April 7, 2021 in pursuance of the clarion call of the Prime Minister, Narendra Modi, for ‘Atmanirbhar Bharat’ to bring manufacturing at the centre stage and emphasise its significance in driving India’s growth and creating jobs. The Scheme is to be implemented over a seven-year period, from FY 2021-22 to FY 2028-29 and has an outlay of Rs 6,238 crore.