PLI Scheme For White Goods: Adani, LG Electronics, Wipro Enterprises Among 15 More Firms Selected

The government has provisionally selected 15 more companies, including Adani Copper Tubes, LG Electronics and Wipro Enterprises, as beneficiaries under the production-linked incentive scheme for the white goods sector.

In November last year, 42 firms -- including Daikin, Panasonic, Syska and Havells -- with committed investment of Rs 4,614 crore were selected.

The government had in March this year reopened the application window for its Rs 6,238-crore PLI scheme for white goods with an aim to include more players, as several firms had expressed interest in the initiative.

In this round, 19 companies had applied.

"After evaluation of the 19 applications received in the second round...15 applicants with committed investment of Rs 1,368 crore have been provisionally selected as beneficiaries," the Union Ministry of Commerce and Industry said in a statement. These include six who manufacture components for air-conditioners and nine who make parts for LED lights.

"These 15 companies will have total production worth Rs 25,583 crore over five years and generate additional direct employment of 4,000 persons," according to the statement.

The PLI scheme for white goods is designed to create an ecosystem for manufacturing of air-conditioners and LED lights in India and making the country an integral part of global supply chains.

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