Voltas, Lumax, UNO Minda among 18 firms selected under PLI’s white goods program
As many as 18 companies, including Voltas, MIRC Electronics, Lumax and UNO Minda, which have committed investments of Rs 2,299 crore, have been selected for benefits under the production-linked incentive (PLI) scheme for the white goods sector, an official said. . On Monday.
In October last year, 38 companies had applied for a proposed investment of Rs 4,121 crore under the scheme in the third round.
“In the third round of the online application window for the PLI program, 38 applications were received. After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of Air Conditioners components and manufacturers of 8. of LED Lights, with a committed investment of Rs 2,299 crore,” the commerce and industry department said.
In addition, it said, six existing PLI beneficiaries have been provisionally selected to advance to higher investment tiers, investing an additional Rs 1,217 crore.
It added that in Air Conditioners, companies will produce components such as compressors, copper tubes, and heat exchangers among others. Similarly, for LED lights, LED chip packaging, drivers, motors, light control systems and metal film capacitors will be manufactured in India.
“In all, the 84 companies under the PLI Scheme for White Goods are expected to receive an investment of Rs 10,478 crore, which will result in production worth Rs 1,72,663 crore,” he said.
