The government announced that five companies chosen in the fourth round of the PLI Scheme for White Goods are projected to reach a total production value of Rs 8,337.24 crore and create 1,799 new direct jobs by FY 2027–28. These companies, specializing in air conditioner components, were selected from 13 applications received in this round, with a committed investment of Rs 863 crore, as per the Ministry of Commerce and Industry.
Overall, a total of 85 companies participating in the PLI Scheme for White Goods (Air Conditioners and LED Lights) are anticipated to invest Rs 11,198 crore, resulting in a cumulative production worth Rs 1,90,050 crore throughout the scheme’s duration. Eight applicants have been forwarded to the Committee of Experts for further scrutiny and recommendations.
The PLI Scheme offers incentives varying from 6% to 4% on incremental sales over five years, post the base year, with an additional one-year gestation period. It is expected to boost Domestic Value Addition from the current 20–25% to 75–80%.
Approved by the Cabinet on April 7, 2021, the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) has a total outlay of Rs 6,238 crore and will be in effect from FY 2021–22 to FY 2028–29. The scheme focuses on encouraging the production of components like compressors, copper tubes, control assemblies, heat exchangers, and BLDC motors for air conditioners, and LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors for LED Lights, to be manufactured within India.
The primary objective of the scheme is to establish a strong domestic component ecosystem for the air conditioners and LED Lights sector, positioning India as an essential part of global supply chains.
