ENA Sectors 2025-01-22 13:50:49 <p><span style="font-size:14px"><strong>New Delhi, Jan 22 (KNN)</strong> The Department for Promotion of Industry and Internal Trade (DPIIT) announced on Monday the approval of investment proposals totalling Rs 3,516 crore fr0m 24 companies under the third round of the Production Linked Incentive (PLI) scheme for white goods.</span></p> <p><span style="font-size:14px">The initiative focuses on manufacturing air conditioners and LED lighting components.</span></p> <p><span style="font-size:14px">In this latest round, 18 companies secured approval for new manufacturing ventures, comprising 10 AC component manufacturers and eight LED light manufacturers, with a combined investment commitment of Rs 2,299 crore.</span></p> <p><span style="font-size:14px">Notable industry players among the selected companies include Voltas, MIRC Electronics, and Lumax Industries.</span></p> <p><span style="font-size:14px">The expansion phase also saw six existing PLI beneficiaries, including Hindalco Industries, LG Electronics India, and Blue Star Climatech, receiving provisional approval to upgrade their investment categories, pledging an additional Rs 1,217 crore.</span></p> <p><span style="font-size:14px">The DPIIT reported that while one applicant has withdrawn fr0m the scheme, the overall program continues to demonstrate robust growth.</span></p> <p><span style="font-size:14px">The collective investment commitment fr0m 84 participating companies now stands at Rs 10,478 crore, with projected production value reaching Rs 1,72,663 crore.</span></p> <p><span style="font-size:14px">This significant industrial expansion aligns with the scheme's primary objective of establishing India as a key player in global supply chains for AC and LED light components.</span></p> <p><span style="font-size:14px">Launched in April 2021, the PLI scheme for white goods represents a strategic seven-year initiative scheduled to conclude in fiscal year 2028-29, backed by a government outlay of Rs 6,238 crore.</span></p> <p><span style="font-size:14px">The program's evolution has seen three application rounds, with the latest round initiated in response to sustained industry interest in manufacturing expansion.</span></p> <p><span style="font-size:14px">The first two rounds, conducted in 2021 and 2022 respectively, were implemented after initial allocated funds remained partially unutilised.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40748 https://knnindia.co.in/news/newsdetails/sectors/dpiit-approves-rs-3516-crore-investments-under-third-pli-round-for-white-goods 2025-01-22 13:50:49 knnindia.co.in