Recently, five companies were selected under the Production Linked Incentive (PLI) Scheme for White Goods, marking a step towards strengthening domestic manufacturing in air conditioners and LED lights. The development is significant for GS Paper III (Economy, Industry) and is closely followed by aspirants preparing through UPSC coaching in Hyderabad.
About the Scheme
- Launched to build a strong local component ecosystem for air conditioners and LED lights.
- Aims to integrate India into global supply chains.
- Duration: 2021–22 to 2028–29.
- Nodal Ministry: Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
Objectives
- Encourage large-scale investments in white goods manufacturing.
- Remove sectoral disadvantages and promote economies of scale.
- Boost exports and develop a robust component manufacturing ecosystem.
- Generate employment opportunities in the manufacturing sector—an important theme in industrial policy discussions at Hyderabad IAS coaching.
Incentives
- Financial support of 4–6% on incremental turnover over the base year (2019–20).
- Applicable for both domestic sales and exports.
- Incentives available for a period of five years.
Eligibility
- Companies must be incorporated under the Companies Act, 2013.
- Must achieve thresholds of incremental sales and investments.
- Firms already availing benefits under another PLI scheme for the same products are not eligible.
Significance
- Strengthens India’s manufacturing capacity in consumer durables.
- Reduces import dependence and supports Atmanirbhar Bharat.
- Helps India emerge as a global hub for white goods production, a key takeaway for aspirants relying on UPSC online coaching.
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