The Department for Promotion of Industry and Internal Trade (DPIIT) have selected as many as 15 companies including Adani Copper Tubes, LG Electronics and Crompton Greaves with committed investment of Rs 1,368 crore, as beneficiaries under the government’s PLI scheme for the white goods.
These applicants were selected under the second round of the PLI scheme for white goods air conditioners and LED lights. The 15 companies will together produce goods worth Rs 25,583 crore over five years and generate 4,000 jobs.
Applicants provisionally selected for the scheme include Adani Copper Tubes (committed investment: Rs 408 crore), LG Electronics India (Rs 300 crore), Mitsubishi Electric India and Kaynes Technology India (Rs 50 crore each).
Six companies will make ACs components with committed investments of Rs 908 crore, while nine companies have opted for the production of LED light components with investments of Rs 460 crore. The PLI Scheme on white goods is designed to create a complete component ecosystem for the ACs and LED lights industry in India, an integral part of the global supply chains.
In the first round of applications last year, 52 companies had filed their applications and 46 applicants such as Daikin, Panasonic, Syska and Havells had committed investment of Rs 5,264 crore.
The industry department had received 19 applications for the PLI scheme. Four applicants–Zeco Aircon with a committed investment of Rs 100 crore, EMM ESS Aircon (Rs 52 crore), Speedoffer India (Rs 18 crore), and SIMOCO Telecommunications (South Asia) Ltd (Rs 10.63 crore) are being referred to the committee of experts (CoE) for examination and subsequent recommendations.
