Nineteen companies file applications for PLI Scheme for White Goods (ACs and LED Lights) in the 2nd Round of Applications https://www.taxtmi.com/news?id=25360 The PLI Scheme for White Goods establishes a declining percentage incentive on incremental sales over five years after a one year gestation period to develop a domestic component ecosystem for air conditioners and LED lights. It targets specific components currently underproduced in India, requires applicants to submit commitments of investment and be selected under published guidelines, and allows additional applications under a defined clause; a second application round attracted nineteen applicants for AC and LED component manufacturing with projected production and employment impacts. en-us Wed, 27 Apr 2022 09:06:31 +0530 Wed, 27 Apr 2022 09:06:31 +0530 TaxTMI RSS Generator Nineteen companies file applications for PLI Scheme for White Goods (ACs and LED Lights) in the 2nd Round of Applications https://www.taxtmi.com/news?id=25360 The PLI Scheme for White Goods establishes a declining percentage incentive on incremental sales over five years after a one year gestation period to develop a domestic component ecosystem for air conditioners and LED lights. It targets specific components currently underproduced in India, requires applicants to submit commitments of investment and be selected under published guidelines, and allows additional applications under a defined clause; a second application round attracted nineteen applicants for AC and LED component manufacturing with projected production and employment impacts. News - Wed, 27 Apr 2022 09:06:31 +0530 https://www.taxtmi.com/news?id=25360