PLI For White Goods (Air Conditioners And Led Lights) Manufacturers In India

Quick facts

• Type: Central Sector Scheme
• Purpose: To attain self-reliance and reduce import dependence of white goods
• Implementing Agency: Department for Promotion of Industry and Internal Trade (DPIIT)
• Tenure: FY 2021-22 to FY 2028-29

Objectives 

• Boost domestic manufacturing and attract large investments, removing sectoral disabilities, creating economies of scale, enhancing exports in white goods.

Salient features

Scope Companies making brown field or green field Investments for manufacturing in target Companies. Financial incentive An incentive of 4% to 6% on incremental sales (net of taxes) over the base year 2019-20.  Tenure of the incentive: 5 years subsequent to the base year and one year of gestation period. Scheme is Fund Limited i.e. the total pay-out of incentives would be capped at the amount approved by Cabinet. Monitoring: By the Empowered Group of Secretaries (EGoS) chaired by Cabinet Secretary.