A total of 38 companies have applied for the Production Linked Incentive (PLI) Scheme for White Goods in the 3rd round of the application window, which ended on October 12, 2024. The scheme focuses on manufacturing components for air conditioners (ACs) and LED lights, with the new applicants committing investments worth ₹4,121 crore.
Interestingly, 43% of the applicants come from the MSME sector, showing a strong interest from smaller players in contributing to the manufacturing ecosystem for white goods. Out of the total applications, 21 companies have applied to manufacture components for ACs with an investment commitment of ₹3,679 crore, while 18 companies have applied to produce components for LED lights, pledging ₹442 crore.
These investments are spread across 13 states and 49 new locations, including notable manufacturing clusters in areas like Noida-Greater Noida, Neemrana, Bhiwari, Aurangabad, Pune, and Sri City. The initiative is expected to further strengthen India’s manufacturing capabilities and boost employment in the sector.
Several applicants are vendors for large manufacturers such as Daikin, Voltas, Blue Star and LG Electronics in the ACs sector. Similarly, several applicants are suppliers of LED components for large LED Lights manufacturers like Surya, Orient, Crompton Greaves, Signify and Halonix etc.
The Union Cabinet chaired by Prime Minister, Shri Narendra Modi had given approval to the ProductionLinked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6238 Crore on 7th April 2021. The Scheme was notified by DPIIT on 16.04.2021.
The Scheme Guidelines were published on 4th June 2021. The PLI Scheme on White Goods is designed to create a complete component ecosystem for Air Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains. Domestic Value Addition is expected to grow from the initial level of 15-20% to 75-80%. So far, 66 applicants with committed investment of Rs 6,962 crore have been selected as beneficiaries under the PLI scheme. For manufacturing components of Air conditioners (ACs) companies like Daikin, Voltas, Hindalco, Amber, Pg Technoplast, Epack, Mettube, Lg, Blue Star, Johnson Hitachi, Panasonic, Haier, Midea, Havells, Ifb, Nidec, Lucas, Swaminathan, And Triton Valves etc. have invested. Similarly, in manufacturing components of LED lights, companies like Dixon, R K Lighting, Radhika Opto, Surya, Orient, Signify, Crompton Greaves, Stove Kraft, Cosmo Films, Halonix, Chenfeng, Fulham, Adsun, Inventronix And Luker etc. have invested. These investments will lead to manufacturing of components of Air Conditioners and LED Lights across the complete value chain including components which are not manufactured in India presently with sufficient quantity.
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