CORPORATE
Voltas, Blue Star among 24 companies selected for third round of PLI for white goods
- IBJ Bureau
- Jan 21, 2025
Voltas, Blue Star, Hindalco, Uno Minda and LG are among 24 companies that have been selected in the third round of Production-Linked Incentive (PLI) scheme for White Goods that covers parts of air conditioners (AC) and LED lights.
Together these companies have committed an investment of Rs 3,516 crore. After the third round, there are 84 companies that have been selected for the PLI for white goods that have committed investment of Rs 10,478 crore that will result in production of Rs 1.72 lakh crore during the duration of the scheme, a statement has said.
In the third round that opened for applications on July 15 and closed on October 12, 38 applications were received. From manufacturers of AC components, 21 applications were received, and 17 applications came from makers of LED components.
After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of ACs and eight manufacturers of LED lights, with committed investment of Rs 2,299 crore. In addition, six existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional investment of Rs 1,217 crore,” a statement has added.
Thirteen applicants, including two existing applicants, are being referred to the Committee of Experts (CoE) for examination and its recommendations.
Voltas, Blue Star, Hindalco and LG are among the companies that are moving to the higher category by committing additional investments.
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