Electrical Equip. /Consumer Electronics
The Union Cabinet approved the production-linked incentive (PLI) scheme for air conditioners (ACs) and light-emitting diode (LED) lights with an aim to boost the local component supply ecosystem for these items. Under the new PLI, a sum of Rs 6,238 crore (€73 billion) has been approved as incentives to selected manufacturers over a five-year period starting 2021-22. Since last April, the cabinet, headed by Prime Minister, has approved PLI for five sectors. But unlike the previous ones the latest scheme solely focuses on component manufacturing.
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