TaxTMI Login
TaxTMI 
Login
Loading...
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
All News
Press 'Enter' after typing page number.
All News
Note
Bookmark
Share
18 new companies committed investments of Rs. 2,299 crore and 6 existing PLI beneficiary committed additional investment of Rs. 1,217 crore
15 AC Companies to invest Rs. 3,260 crore, 9 LED Companies to invest Rs. 256 crore
Total of 84 companies under the PLI Scheme for White Goods (ACs and LED Lights) are set to bring investments of Rs 10,478 crore, resulting in production worth Rs 1,72,663 crore during the Scheme period
With a total of 24 beneficiaries committing investment of Rs 3,516 crore in the third round, the PLI Scheme is poised to significantly boost the production of Components of ACs & LED Lights across India. In the third round of the on-line application window of the Production-Linked Incentive (PLI) Scheme , a total of 38 applications were received. After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of Air Conditioners and 8 manufacturers of LED Lights, with committed investment of Rs 2,299 crore.
In addition, 6 existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional investment of Rs 1,217 crore.
13 applicants including two existing applicants are being referred to the Committee of Experts (CoE) for examination and its recommendations. The details of applicants are placed at Annexure.
One of the applicants has decided to opt out from the scheme and has withdrawn the application. Altogether, 84 companies under the PLI Scheme for White Goods are set to bring investments of Rs. 10,478 crore, resulting in production worth Rs 1,72,663 crore.
This move is expected to bolster the manufacturing capabilities and economic growth in the sector. For Air Conditioners, companies will be manufacturing components like, compressors, copper tubes (plain and/or grooved control assemblies for IDU or ODU, Heat Exchangers and BLDC motors among others. Similarly, for LED Lights, LED Chip packaging, LED Drivers, LED Engines, LED Light Management Systems and Metallized films for capacitors etc. will be manufactured in India.
The Union Cabinet had given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 Crore on 7th April 2021. The Scheme was notified by DPIIT on 16.04.2021.
The PLI Scheme on White Goods is designed to create a robust component ecosystem for Air Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains. The Scheme extends an incentive of 6% to 4% on reducing basis on incremental sales for a period of five (5) years subsequent to the base year and one year of gestation period. Domestic Value Addition is expected to grow from the current 15-20% to 75-80%.
Annexure
Table 1: Applicants provisionally selected in the 3rd Round of PLI Scheme for White Goods
| S.no | Applicant Name | Eligible Products | Committed Investment (Rs. in cr.) |
| 1 | Jupiter Aluminium Industries Private Limited | 1. Aluminum Stock for Foils or Fins for heat exchangers | 618.00 |
| 2 | Ram Ratna Wires Limited | 1. Copper Tube (plain and/or grooved) | 253.00 |
| 3 | SMEL Steel Structural Private Limited | 1. Aluminum Stock for Foils or Fins for heat exchangers | 541.29 |
| 4 | Voltas Components Private Limited (Formerly Known As Hi-Volt Enterprises Private Limited) | Compressor including oil free and high capacity | 256.73 |
| 5 | Next Generation Manufacturers Private Limited | 1. Plastic Moulding components | 121.35 |
| 6 | Neemrana Steel Service Center India Private Limited (Earlier Known As Sumikin Bussan Steel Services Centre India Pvt.Ltd) | 1. Sheet Metal components | 66.15 |
| 7 | Clad Metal India Private Limited | 1. Control Assemblies for IDU or ODU or Remotes | 50.03 |
| 8 | Malhotra Electronics Private Limited | 1. Control Assemblies for IDU or ODU or Remotes | 50.00 |
| 9 | MIRC Electronics Limited | 1. Control Assemblies for IDU or ODU or Remotes | 51.50 |
| 10 | Smile Electronics Limited | 1. Control Assemblies for IDU or ODU or Remotes | 51.00 |
|
| Total |
| 2059.05 |
(ii) LED Lights (Gestation Period FY 2021-23)
| S.no | Applicant Name | Eligible Products | Committed Investment (Rs. in cr.) |
| 1 | Ikio Solutions Private Limited | 1.LED Modules | 41.00 |
| 2 | Lumax Industries Limited | 1. LED Drivers | 60.00 |
| 3 | Neolite ZKW Lightings Private Limited | 1.LED Modules | 23.66 |
| 4 | Dhruv Industries Limited | 1. Metallized film for capacitors | 16.00 |
| 5 | Uno Minda Limited | 1.LED Drivers | 19.82 |
| 6 | HQ Lamps Manufacturing Co. Private Limited | 1.LED Drivers | 10.00 |
| 7 | Intelux Electronics Private Limited | 1. LED Driver 6. LED Transformers | 51.50 |
| 8 | Hella India Automotive Private Limited | 1. LED Drivers | 17.84 |
|
| Total |
| 239.82 |
Existing Applicants moving to higher category
(Rs. in cr.)
| S.No | Applicant Name | Eligible Products | Gestation period (FY) | Existing Committed Investment | Revised Committed Investment | Addl. Commitment Investment
|
| AC(Components) |
|
|
|
|
| |
| 1 | Hindalco Industries Limited | 1. Aluminum Stock for Foils or Fins for heat exchangers | 2021-23 | 539 | 899 | 360.00 |
| 2 | LG Electronics India Private Limited | 1. Compressor | 2021-23 | 300 | 733 | 433.00 |
| 3 | Mettube Copper India Pvt Ltd | Copper Tube (plain and/or grooved) | 2021-23 | 300.21 | 328.08 | 27.87 |
| 4 | Blue Star Climatech Limited | 1. Control Assemblies for IDU or ODU or Remotes , | 2021-23 | 156 | 336 | 180.00 |
| 5 | Voltas Limited | 1. Control Assemblies for IDU or ODU or Remotes 6. Display Panelas (LCD/LED) | 2021-23 | 100 | 300 | 200.00 |
|
| Sub-total |
|
|
|
| 1200.87 |
| LED Components |
|
|
|
| ||
| 6 | Halonix Technologies Private Ltd | 1. LED Modules | 2021-22 | 13.04 | 29.66 | 16.61 |
|
| Sub-total |
|
|
|
| 16.61 |
|
| Total |
|
|
|
| 1,217.48 |
Table 2: Applicants referred to the Committee of Experts (CoE)
| S.no | Applicant Name | Eligible Products | Committed Investment (Rs. in cr.) |
| 1 | KRN HVAC Products Private Limited | 1. Heat exchangers | 141.72 |
| 2 | Topband India Private Limited | 1. Control Assemblies for IDU or ODU or Remotes. | 50.00 |
| 3 | Veira Electrotech Private Limited | 1. Control Assemblies for IDU or ODU or Remotes | 60.00 |
| 4 | Atomberg Innovation Private Limited | 1. Control Assemblies for IDU or ODU or Remotes | 50.20 |
| 5 | Star Eltech Manufacturing India Private Ltd | 1.Cross Flow Fan (CFF) | 67.40 |
|
| Total |
| 369.32 |
(ii) LED Lights (Gestation Period FY 2021-23)
| S.no | Applicant Name | Eligible Products | Committed Investment (Rs. in cr.) |
| 1 | Calcom Kadapa Private Limited | 1. LED Driver 6. Heat Sinks 7.Diffusers | 101 |
| 2 | Sheetal Electrotech Private Limited | 1. LED Driver | 10.20 |
| 3 | Prakash Elcomp Manufacturing Pvt Ltd | 1. Resistors | 22 |
| 4 | Larica Led Products Private Limited | 1.Printed Circuit Boards (PCB) including Metal Clad PCBs | 10 |
| 5 | Silver Consumer Electricals Private Limited | 1. Mechanicals- Housing | 20.23 |
| 6 | VG Electronics Private Limited | 1. Printed Circuit Boards (PCB) including Metal Clad PCBs | 10.20 |
|
| Total |
| 173.63 |
Existing applicants
(Rs. in cr.)
| S.no | Applicant Name | Eligible Products | Gestation Period (FY) | Existing Committed Investment | Revised Committed Investment | Addl. Committed Investment |
| AC(Components) |
|
|
|
|
| |
| 1 | Virtuoso Optoelectronics Limited | 1. Control Assemblies for IDU or ODU or Remotes | 2021-22 | 50.5 | 100 | 49.5
|
| LED (Components) |
|
|
|
| ||
| 1 | CALCOM VISION LIMITED | 1. LED Driver 6. Diffusers 7. LED Management systems | 2021-22 | 10
| 25 | 15 |
