Cabinet approves ₹10,738 crore PLI scheme for white goods

April 9, 2021 3:48 pm

The approved PLI scheme will help boost the white goods industry.

PLI scheme for worth rupees of ₹6,238 crores was approved by the cabinet. The goods include products like Air Conditioner and LED lights. Whereas ₹4,500 crores was allocated for the manufacturing of high-efficiency solar modules.

The union budget allocated a total of ₹1.97 lakh crore under PLI schemes for 13 key sectors.

The cabinet recently approved ₹10,738 crores production-linked incentive (PLI) schemes for solar modules and white goods as part of the overall ₹1.97 lakh crore PLI series under the government’s plan to make India a global manufacturing hub.

The Production Linkage Incentive Scheme (PLI) is an effort made by the government to synergise India’s resources to make it an international manufacturing hub and an important part of the global supply chains and commerce industry.

The seven approved PLI schemes had received an encouraging response from investors. Scheme for electronic components and mobile manufacturing received 16 applications and ₹35,000 crores was already sanctioned.

Similarly, pharmaceutical (raw materials) and manufacturing of medical devices received 47 and 14 applications, respectively.