Govt approves Rs 6,238 cr PLI scheme for air-conditioners, LED lights
3 years, 8 months ago

Govt approves Rs 6,238 cr PLI scheme for air-conditioners, LED lights

India TV News  

The government on Wednesday approved a production linked incentive scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore. "The PLI scheme for white goods shall extend an incentive of 4 per cent to 6 per cent on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights," an official statement said. It is estimated that over five years, the scheme will lead to an incremental investment of Rs 7,920 crore, incremental production worth Rs 1,68,000 crore, exports worth Rs 64,400 crore, earn direct and indirect revenues of Rs 49,300 crore and create additional four lakh direct and indirect employment opportunities. Goyal said that the scheme would help in increasing value addition from 25 per cent to 75 per cent in the AC segment and 40-45 per cent in LED lights.

India Crore Cent Five Years Scheme Pli Led Lights Pli Scheme  6238  manufacturing  scheme  pli  crore  approves  airconditioners  india  cent  rs  cr  goods  led  lights  govt  incremental

History of this topic

Govt. reopens PLI scheme for white goods till October 12
5 months, 2 weeks ago

Govt. reopens PLI scheme for white goods till October 12

The Hindu  

The Government has reopened the application window for the Production linked Incentive scheme for white goods from July 15 to October 12, citing industry appetite to invest more in the scheme originally launched in 2021. The Commerce and Industry Ministry said the fresh window was an “outcome of the growing market and confidence generated due to manufacturing of key components …

Centre reopens application window for White Goods under the PLI scheme
5 months, 2 weeks ago

Centre reopens application window for White Goods under the PLI scheme

Live Mint  

New Delhi: Manufacturers are being invited to make investments under the production linked incentive scheme for white goods—specifically air conditioners and LED lights—under an extended window, the Centre said on Monday. “The application window for the PLI Scheme for White Goods is being reopened based on the appetite of the industry to invest more under the scheme, which is an …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

PLI schemes attracted Rs 1.03 lakh crore investment said center
11 months, 1 week ago

PLI schemes attracted Rs 1.03 lakh crore investment said center

Deccan Chronicle  

New Delhi: The government on Wednesday said that production-linked incentive or PLI schemes witnessed over Rs 1.03 lakh crore of investment till November 2023, which led to production and sales of Rs 8.61 lakh crore as well. As per the statement issued by the commerce ministry, in such schemes, it also saw an employment generation, both direct and indirect, of …

Govt. more than doubles outlay on PLI for IT hardware to ₹17,000 crore
1 year, 7 months ago

Govt. more than doubles outlay on PLI for IT hardware to ₹17,000 crore

The Hindu  

The Union Cabinet on Wednesday approved an updated Production Linked Incentive scheme for IT hardware manufacturing, with the total budgetary outlay increased to ₹17,000 crore, Minister of Electronics and Information Technology Ashwini Vaishnaw announced. “This year it crossed a major benchmark in production – $105 billion.” India crossed $11 billion in mobile phone exports, and was now the second-largest mobile …

Kishan says centre investing ₹2 lakh crore on PLI schemes
1 year, 9 months ago

Kishan says centre investing ₹2 lakh crore on PLI schemes

Deccan Chronicle  

Visakhapatnam: Union tourism minister G. Kishan Reddy said the Centre is implementing Production Linked Incentive schemes worth ₹2 lakh crore in 14 key sectors as part of Atmanirbhar Bharat, which would create 60 lakh jobs. Jagan Mohan Reddy, the Union minister underlined that PLI schemes are available to sectors like mobile manufacturing, electronics, food products, pharmaceuticals, medical devices, batteries, automobiles …

Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields
1 year, 11 months ago

Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields

India TV News  

Budget 2023: In an attempt to expand Production Linked Incentive scheme to cover more high-employment potential sectors, the Union government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget. A proposal to extend PLI scheme benefits to different sectors such as toys and leather are at advanced stages of …

Budget 2023: Local manufacturing likely to get huge boost amid global economic slowdown
1 year, 11 months ago

Budget 2023: Local manufacturing likely to get huge boost amid global economic slowdown

India Today  

The central government is working on a crucial plan to boost India’s GDP growth in FY24 to tackle the impact of the global economic slowdown that is likely to get worse. PLI allocation and incentive boost likely High-impact manufacturing sectors like electronics and IT hardware could get a significant top up in allocation under the PLI scheme, as per people …

Government approves 42 companies for telecom products under PLI scheme; details here
2 years, 1 month ago

Government approves 42 companies for telecom products under PLI scheme; details here

Firstpost  

According to the Ministry of Communication, the investment is likely to generate additional sales of Rs 2.45 trillion. The Ministry of Communication has granted approval to 42 companies including Nokia, Samsung, Flextronics, Ericsson’s partner Jabil, Tejas Networks, HFCL, and VVDN, under the production linked incentive scheme for telecom and networking products. The Union Budget had announced a design-led PLI scheme …

Govt approves Nokia, Samsung, 40 others under PLI scheme for telecom products
2 years, 1 month ago

Govt approves Nokia, Samsung, 40 others under PLI scheme for telecom products

Live Mint  

New Delhi: The communications ministry granted approval to 42 companies including Nokia, Samsung, Ericsson’s partner Jabil, Flextronics, Tejas Networks, VVDN and HFCL, under the production linked incentive scheme for telecom and networking products. The Union Budget had announced a design-led PLI scheme for telecom and networking products, to create a robust domestic value chain, which provided an additional incentive of …

Production-linked incentives | Dole or incentive?
2 years, 1 month ago

Production-linked incentives | Dole or incentive?

India Today  

For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. Targeting 14 key sectors, the scheme, with an outlay of Rs 1.97 lakh crore, aimed to create national manufacturing champions, 6 million new jobs and additional production …

Govt clears Rs 19,500-cr PLI scheme for solar PV modules
2 years, 3 months ago

Govt clears Rs 19,500-cr PLI scheme for solar PV modules

Deccan Chronicle  

New Delhi: The government on Wednesday approved a Rs 19,500-crore production linked incentive scheme for manufacturing solar photovoltaic modules in order to attract investment in the solar space in the country. Besides, the government also approved modifications in the scheme for semiconductors and display manufacturing eco-system, with uniform fiscal support of 50 per cent of project cost for all technology …

Cabinet approves second tranche of PLI scheme to boost manufacturing of solar modules
2 years, 3 months ago

Cabinet approves second tranche of PLI scheme to boost manufacturing of solar modules

Hindustan Times  

New Delhi: The Union cabinet on Wednesday approved the second tranche of the Performance Linked incentive scheme to boost manufacturing of solar photovoltaic modules in India, Union minister Anurag Thakur announced in a press briefing. With the second tranche of the PLI scheme the government is hoping that about 65GW per annum manufacturing capacity of fully and partially integrated, solar …

32 companies submit applications for DLI, PLI scheme of telecom
2 years, 3 months ago

32 companies submit applications for DLI, PLI scheme of telecom

The Hindu  

As many as 32 companies have submitted applications for Design-led Incentive Scheme and Production Linked Incentive scheme of telecom, according to an official release. The Design-led Incentive scheme has received an "enthusiastic response" from telecom equipment manufacturers, it said. 17 of these 32 companies have applied as Design-led manufacturers and remaining as Production linked manufacturers," the statement said but did …

PLI scheme has potential to add 4% to India’s GDP annually, here’s why
2 years, 5 months ago

PLI scheme has potential to add 4% to India’s GDP annually, here’s why

Live Mint  

The production-linked incentives scheme which is expected to boost the manufacturing sector has the potential to 4% to GDP per annum in terms of incremental revenues. The scheme which is aimed to offering nearly ₹2.4 lakh crore incentives in key business areas over the next five years, has seen maximum response from the electronics, auto components, and pharma sectors, according …

PLI scheme has potential to add nearly 4% to GDP per annum, finds report
2 years, 5 months ago

PLI scheme has potential to add nearly 4% to GDP per annum, finds report

Firstpost  

Registration of manufacturing companies has shot up to the highest ever in the last seven years and the share of manufacturing companies in total registrations is also at almost highest level since the past decade, according to the report by Emkay Investment Mumbai: The production-linked incentives scheme, which seeks to boost manufacturing in key areas by offering nearly Rs 2.4 …

PLI Scheme for White Goods: Adani, LG, Wipro, 12 Others Selected Under Round 2
2 years, 5 months ago

PLI Scheme for White Goods: Adani, LG, Wipro, 12 Others Selected Under Round 2

News 18  

The government on Tuesday said it has selected 15 companies, including Adani Copper Tubes, LG Electronics, Mitsubishi Electronics, and Wipro, with a committed investment of Rs 1,368 crore, under the second round of production-linked incentive for white goods. As many as 19 companies, including LG Electronics and Wipro, had filed applications with a proposed investment of Rs 1,548 crore to …

Govt. approves 61 projects under PLI Scheme for textiles: Secretary Singh
2 years, 8 months ago

Govt. approves 61 projects under PLI Scheme for textiles: Secretary Singh

The Hindu  

As many has 61 applications, for projects involving total investment of ₹ 19,077 crore, have been approved under the Production Linked Incentive Scheme for textiles, Secretary of the Union Ministry of Textiles U.P. Of the projects approved so far, 13 applications were made with a minimum investment commitment of ₹300 crore each and 48, minimum investment of ₹100 crore each. …

Modi govt's big boost for auto sector: Rs 26,000 crore PLI scheme approved; to create 7.5 lakh jobs
3 years, 3 months ago

Modi govt's big boost for auto sector: Rs 26,000 crore PLI scheme approved; to create 7.5 lakh jobs

India TV News  

The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities. It is estimated that over a period of five years, the PLI scheme for the automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs …

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D
3 years, 6 months ago

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D

Business Standard  

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D If a company invests Rs 100 crore, it can account for Rs 5 crore as technology transfer and Rs 15 crore as R&D expenditure. Premium The threshold investment is a key element that determines the financial incentive that a company will be eligible for under the scheme. Surajeet Das …

To Boost Domestic Production, Govt OKs Rs 6,238 Crore PLI Scheme for Air-conditioners, LED Lights
3 years, 8 months ago

To Boost Domestic Production, Govt OKs Rs 6,238 Crore PLI Scheme for Air-conditioners, LED Lights

News 18  

The government on Wednesday approved a production linked incentive scheme for white goods – Air Conditioners and LED Lights – with a budgetary outlay of Rs 6,238 crore. “The PLI scheme for white goods shall extend an incentive of 4 per cent to 6 per cent on incremental sales of goods manufactured in India for a period of five years …

Govt approves PLI scheme for air-conditioners, LED lights
3 years, 8 months ago

Govt approves PLI scheme for air-conditioners, LED lights

Hindustan Times  

The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of ₹6,238 crore. The PLI scheme for white goods will extend an incentive of 4-6% on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of ACs and LED lights, the government announced …

Production-linked incentive scheme to boost India's manufacturing output by $520 billion in 5 years, says Narendra Modi
3 years, 9 months ago

Production-linked incentive scheme to boost India's manufacturing output by $520 billion in 5 years, says Narendra Modi

Firstpost  

New Delhi: Prime Minister Narendra Modi on Friday said production-linked incentive scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country’s production by $520 billion in the next five years. In this year’s Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and “there is an …

PLI scheme likely to boost India's manufacturing output by $520 billion in 5 years: PM Modi
3 years, 9 months ago

PLI scheme likely to boost India's manufacturing output by $520 billion in 5 years: PM Modi

The Hindu  

Prime Minister Narendra Modi on Friday said production linked incentive scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. In this year's Budget, about ₹2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that …

Govt to Soon Launch Detailed Scheme to Offer PLI to Automotive and Component Manufacturers
3 years, 9 months ago

Govt to Soon Launch Detailed Scheme to Offer PLI to Automotive and Component Manufacturers

News 18  

The government will soon come out with detailed scheme to offer production linked incentive to automobile and auto components industry that will lay the roadmap and raise India’s bar as a global manufacturing hub. Under the Automotive Champion scheme, a company would qualify for PLI only if has a revenue of Rs 1000 crore from overseas operations, Rs 10,000 crore …

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs
3 years, 10 months ago

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs

News 18  

The government on Wednesday approved a production-linked incentive scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing. Briefing reporters after a meeting …

How PLI scheme is boosting Indian manufacturing
3 years, 10 months ago

How PLI scheme is boosting Indian manufacturing

Live Mint  

The production-linked incentive scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. The scheme aims to make India self-reliant in manufacturing goods for local and export markets, positioning it as a global manufacturing hub. The production-linked incentive scheme …

Modi cabinet approves Production Linked Incentive Scheme for Telecom sector worth over Rs 12,000 crore
3 years, 10 months ago

Modi cabinet approves Production Linked Incentive Scheme for Telecom sector worth over Rs 12,000 crore

India TV News  

The government on Wednesday approved a Rs 12,195 crore production-linked incentive scheme for telecom gear manufacturing in India, a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs. The scheme is expected to bring investment of over Rs 3,000 crore and generate huge direct and indirect employment and taxes both, …

Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push
3 years, 10 months ago

Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push

Firstpost  

Union minister Ravi Shankar Prasad said the Centre is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business New Delhi: The Cabinet has approved production-linked incentive scheme worth Rs 12,195 crore for telecom equipment manufacturing, Union minister Ravi Shankar Prasad said on Wednesday. Briefing reporters after a meeting of the …

Govt Approves Over Rs 12,000 Crore Manufacturing Push for Telecom Equipment
3 years, 10 months ago

Govt Approves Over Rs 12,000 Crore Manufacturing Push for Telecom Equipment

News 18  

The government on Wednesday approved a 12,195 crore production-linked incentive scheme for telecom gear manufacturing in India, a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs. The scheme is expected to bring investment of over Rs 3,000 crore and generate huge direct and indirect employment and taxes both, an …

Cabinet approves PLI scheme for telecom sector
3 years, 10 months ago

Cabinet approves PLI scheme for telecom sector

The Hindu  

The Union Cabinet on Wednesday approved the production-linked incentive scheme for the telecom sector with an outlay of ₹12,195 crore over five years. The scheme, which aims to make India a global hub for manufacturing telecom equipment, is expected to lead to an incremental production of about ₹2.4 lakh crore, with exports of about ₹2 lakh crore over five years …

Expenditure Finance Committee Approves PLI Scheme on ACs & LEDs, Draft Cabinet Note Sent to Commerce Min
3 years, 10 months ago

Expenditure Finance Committee Approves PLI Scheme on ACs & LEDs, Draft Cabinet Note Sent to Commerce Min

News 18  

The Department for Promotion of Industry and Internal on Friday said that the Finance Expenditure Committee has approved the PLI scheme on air-conditioners and LEDs and that the draft cabinet note has been sent to the Commerce Minister for his consideration. In November, the Union Cabinet had approved Rs 6,238 crore outlay for these two sectors, air conditioners and LED …

Atmanirbhar Bharat: PLI scheme may add $520 billion to GDP in 5 yrs, says report
4 years ago

Atmanirbhar Bharat: PLI scheme may add $520 billion to GDP in 5 yrs, says report

Live Mint  

Mumbai: The production-linked incentive scheme launched to boost local manufacturing may add $520 billion to the gross domestic product in the next five years, according to a report. The government had in March announced the PLI scheme to help lower the country's dependence on imports, mainly from China, by incentivising and inviting global as well as capital-rich companies to set …

PLI scheme will make India ’highly competitive’ in global economy: Niti Aayog CEO
4 years ago

PLI scheme will make India ’highly competitive’ in global economy: Niti Aayog CEO

Live Mint  

The central government is taking various measures to make India highly competitive in the global economy, Niti Aayog CEO Amitabh Kant said on Saturday. The production-linked incentive scheme for 10 key sectors, which the government announced last month, should spur growth in manufacturing in a big way, Niti Aayog CEO believed. "It is a $26-billion scheme, which provides production-linked incentives …

Make In India: Rs 5000 Crore PLI Push For Technology Product Manufacturing In India Includes Laptops
4 years, 1 month ago

Make In India: Rs 5000 Crore PLI Push For Technology Product Manufacturing In India Includes Laptops

News 18  

The government of India has further widened the scope of the Production-Linked Incentive Scheme to boost manufacturing in India. The PLI scheme for the electronics and technology products has an approved outlay of Rs 5000 crore for a five-year period. The PLI scheme will boost the production of electronic products in India,” says the official press statement confirming the cabinet …

Cabinet Approves PLI Scheme Worth About Rs 2 Lakh Crore, Says FM Nirmala Sitharaman
4 years, 1 month ago

Cabinet Approves PLI Scheme Worth About Rs 2 Lakh Crore, Says FM Nirmala Sitharaman

News 18  

The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. The five-year PLI scheme, which aims at making Indian manufacturers' competitive globally, was approved by the Union Cabinet, Information and Broadcasting Minister Prakash Javadekar told …

Union Cabinet approves 2 lakh crore worth PLI scheme for 10 sectors
4 years, 1 month ago

Union Cabinet approves 2 lakh crore worth PLI scheme for 10 sectors

Live Mint  

NEW DELHI: The Union Cabinet on Wednesday approved production-linked incentives for 10 sectors, including auto, pharmaceuticals, and textiles, worth almost 2 lakh crore to boost manufacturing, make India self reliant and generate employment. The decision of the Union Cabinet was announced by information and broadcasting minister Prakash Javadekar along with finance minister Nirmala Sitharaman in New Delhi. Among sectors, auto …

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