PLI scheme for ACs, LED lights to exclude ‘mere assembly’
The Hindu
DPIIT’s norms prioritise production of basic components
The department for promotion of industry and internal trade (DPIIT) has notified the PLI scheme for ACs and LED lights and said that selection of companies to avail the incentives would be done to support manufacturing of components which are not made in India presently. It said that mere assembly of finished goods would not be incentivised and companies investing in basic/core components would get a higher priority. Earlier this month, the government approved a production linked incentive (PLI) scheme for white goods — Air Conditioners (ACs) and LED lights — with an outlay of ₹6,238 crore. It will be implemented over 2021-22 to 2028-29.
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