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.
  • 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.

Posted by Jawwad Kazi on 18th Apr 2021