ANIAhead of the opening of the three-month application window for the production linked incentive (PLI) for white goods that includes ACs and LED lights on Tuesday, commerce and industry minister Piyush Goyal said the scheme has been introduced to produce national manufacturing champions and bring cost-competitiveness, quality, efficiency and technology.
At a meeting with industry on the PLI scheme, he said that the selection of the companies eligible under the scheme will be done in a transparent and time-bound manner.
“The interaction was held to take the feedback on the scheme, the application window for which will be open for three months from tomorrow,” the commerce and industry ministry said in a statement on Monday.
Application window for the Rs 6,238-crore PLI scheme for white goods is June 15-September 15. The scheme will offer incentives of 4-6% on incremental sales of goods made in India for five years till FY29 starting this fiscal year.
Rs 1.97 lakh crore for PLI schemes for 13 key sectors was announced in Budget 2021-22 aimed to generate $500 billion production over five years. The ministry said that the PLI alone can expand a quarter of total manufacturing output of the last five years and the minimum expected employment through this scheme over five years is 1 crore.
Earlier this month, the government said that investments made in land and building, or on setting up of a manufacturing unit will not be covered under the production-linked incentive scheme for air-conditioners and LED lights. Similarly, expenditure on consumables and raw material used for manufacturing, or on second hand/used refurbished plant, machinery equipment, and utilities, will not be considered as investment.
At a meeting with industry on the PLI scheme, he said that the selection of the companies eligible under the scheme will be done in a transparent and time-bound manner.
“The interaction was held to take the feedback on the scheme, the application window for which will be open for three months from tomorrow,” the commerce and industry ministry said in a statement on Monday.
Application window for the Rs 6,238-crore PLI scheme for white goods is June 15-September 15. The scheme will offer incentives of 4-6% on incremental sales of goods made in India for five years till FY29 starting this fiscal year.
Rs 1.97 lakh crore for PLI schemes for 13 key sectors was announced in Budget 2021-22 aimed to generate $500 billion production over five years. The ministry said that the PLI alone can expand a quarter of total manufacturing output of the last five years and the minimum expected employment through this scheme over five years is 1 crore.
Earlier this month, the government said that investments made in land and building, or on setting up of a manufacturing unit will not be covered under the production-linked incentive scheme for air-conditioners and LED lights. Similarly, expenditure on consumables and raw material used for manufacturing, or on second hand/used refurbished plant, machinery equipment, and utilities, will not be considered as investment.
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