New Delhi, June 28 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has selected 15 applicants with committed investment of Rs 1,368 crore under the 2nd round of PLI scheme in White Goods.

The 15 applicants were chosen after evaluating 19 applications received in the second round and the rest of the four applicants are being referred to the Committee of Experts (CoE) for examination and its recommendations.

These include 6 for manufacturing ACs components with committed investments of Rs 908 crore and 9 for LED Lights components with committed investments of Rs 460 crore.

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

Speaking at a press conference in the capital today, Anil Agrawal, Additional Secretary, DPIIT said that as a result of PLI, the domestic Value Addition in these segments is expected to grow fr0m the current 15-20% to 75-80%.

He said the PLI scheme and other regulatory measures including Quality Control Orders, Standards & Labels had given a big boost to Make In India and Atmanirbhar Bharat in ACs and LEDs.

Adani Copper Tubes Limited, LG Electronics India Private Limited, Kyanes Technology, Mitsubishi Electric, Swaminathan Enterprises, Jindal Poly Films, Sahasra Semiconductors, Konark Fixtures, Wipro Enterprises, Lumens Aircon, SVN Opto Electronics, Crompton, Elin and Esko Casting and Electronics are the 15 selected companies.

In the first round of applications, 52 companies had filed their applications and 46 applicants with committed investment of Rs 5,264 crore were selected.

Altogether, 61 applicants approved in both the Rounds are expected to bring investments in component manufacturing eco-system of ACs and LED Lights industry to the tune of Rs 6,632 crore and generate approx. 46,368 direct employment opportunities.

The Scheme is expected to lead to total production of components of ACs and LED Lights of about Rs 1,22,671 crore over five years. (KNN Bureau)