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PLI scheme for ACs, LED lights
Why is it in news?
- The department for promotion of industry and internal trade (DPIIT) has notified the PLI scheme for ACs and LED lights.
Details:
- The selection of companies to avail the incentives would be done to support manufacturing of components which are not made in India presently.
- Mere assembly of finished goods would not be incentivised and companies investing in basic/core components would get a higher priority.
- The PLI scheme for white goods- Air Conditioners (ACs) and LED lights has an outlay of Rs. 6,238 crore. It will be implemented over 2021-22 to 2028-29.
- The Empowered Group of Secretaries chaired by Cabinet Secretary will monitor the PLI scheme.
Source: The Hindu.