Government reopens white goods PLI application window

The Ministry of Trade and Industry on Monday reopened the application window for the Production Linked Incentive Scheme (PLI) for white goods – AC and LED lamps – from March 10 to April 25, 2022 to give a second chance for potential investors to take advantage of the scheme.

The Union Cabinet approved the PLI program for white goods for the manufacture of components and their sub-assemblies on April 7, 2021. The program, which will be implemented from FY22 to FY29, has an outlay of Rs 6,238 crore and offers incentives of 4-6% on incremental sales of goods made in India till FY29.

The ministry notified the program on April 16, 2021 and online applications were invited from June 15 to August 15, 2021, during which 42 applicants with a committed investment of Rs 4,614 crore were provisionally selected.

The shortlisted applicants include 26 for manufacturing AC power with committed investment of Rs 3,898 crore and 16 for manufacturing LED lamps with committed investment of Rs 716 crore.

“Additional applications are invited under clause 9.2 of the Program Guidelines for investments under the Program on the same terms as set out in the Program Guidelines issued on June 04, 2021, as amended from time to time” , the ministry said in a statement. Monday.

As per the statement, the incentive will only be available for the remaining duration of the program and no applications will be accepted after the close of the application window.