PLI
SCHEME FOR WHITE GOODS - ECONOMY
News: Govt. reopens PLI
scheme for white goods till October 12
What's
in the news?
●
Recently,
the Government has reopened the application window for the Production linked
Incentive (PLI) scheme for white goods from July 15 to October 12, citing
industry appetite to invest more in the scheme originally launched in 2021.
PLI
Scheme for White Goods:
Objective:
●
To
create a complete component ecosystem for the Air Conditioners and LED Lights Industry in India and make India an integral part of the global
supply chains.
Nodal
Ministry - Ministry of Commerce.
Tenure - 5 years from FY 2021-22 to FY 2028-29.
Target
Segments:
●
High-value
and Low-value intermediaries for production of AC & LED Lights.
Incentives:
●
The
scheme will extend an incentive of 4-6%
on incremental turnover over base year (2019-20) of goods sold in India and
exported to global markets, to eligible companies for a period of 5 years.
Go
back to basics:
White
Goods:
●
It
refers to heavy consumer durables or
large home appliances, which were traditionally available only in white.
● Examples - washing machines, air conditioners, stoves, refrigerators, etc.