The ministry said this was a result of market growth and confidence generated due to manufacturing of key components of air conditioners and LED lights in India under the PLI scheme for home appliances.
The application period opens with the same terms and conditions stipulated in the PLI home appliances scheme notified on April 16, 2021 and the guidelines issued on June 4, 2021, as amended from time to time, the ministry said in a statement.
The application window for the scheme will remain open during the period from July 15, 2024 to October 12, 2024 (inclusive) on the same online portal having the URL https://pliwhitegoods.ifciltd.com/ . No application will be accepted once the deadline has closed, the statement added.
To avoid any discrimination, both new applicants and existing beneficiaries of the PLI home appliance program proposing to invest more by shifting to a higher target segment or their group companies applying in different target segments would be eligible to apply. subject to compliance with the eligibility conditions and compliance with the investment schedule mentioned in the plan guidelines.
The successful applicant in the proposed third round would be eligible for PLI for a maximum period of three years only in case of new applicants and existing beneficiaries opting for an investment period up to March 2023 and seeking to upgrade to a higher investment category . Existing beneficiaries opting for an investment period up to March 2022 and seeking to upgrade to a higher investment category in the proposed third round would be eligible for PLI for a maximum of two years only.
Existing beneficiaries who elect the above, in case they are unable to meet the investment or sales threshold in a given year, will be eligible to submit claims as per their original investment plan. However, this flexibility will be provided only once during the plan period.
Further, to maintain liquidity in the business, better management of working capital and improve operational efficiency of the beneficiaries, it has been decided to introduce PLI quarterly claim processing system instead of processing claims annually. Necessary amendments are incorporated in the Scheme Guidelines to clarify the above.
So far, 66 applicants with committed investments of Rs 6,962 crore have been selected as beneficiaries of the PLI scheme. Daikin, Voltas, Hindalco, Amber, PG Technoplast, Epack, Mettube, LG, Blue Star, Johnson Hitachi, Panasonic, Haier, Midea, Havells and Lucas are among the companies that manufacture air conditioner (AC) components.
Similarly, in the manufacturing of LED lighting components, companies such as Dixon, RK Lighting, Crompton Greaves, Stove Kraft, Chenfeng, Luker and Fulham, etc. have invested. These investments will lead to the manufacturing of air conditioner and LED lighting components across the value chain, including components that are currently not manufactured in India in sufficient quantities.
The Union Cabinet approved the Home Appliances PLI Scheme for manufacturing components and sub-assemblies of air conditioners (ACs) and LED lights on April 7, 2021, as part of Prime Minister Narendra Modi's 'Atmanirbhar Bharat' campaign to put manufacturing at center stage and emphasize its importance in driving India's growth and creating jobs. The scheme will be implemented over a period of seven years, from fiscal year 2021-22 to fiscal year 2028-29, and has an outlay of Rs 6,238 crore.
The application period opens with the same terms and conditions stipulated in the PLI home appliances scheme notified on April 16, 2021 and the guidelines issued on June 4, 2021, as amended from time to time, the ministry said in a statement.
The application window for the scheme will remain open during the period from July 15, 2024 to October 12, 2024 (inclusive) on the same online portal having the URL https://pliwhitegoods.ifciltd.com/ . No application will be accepted once the deadline has closed, the statement added.
To avoid any discrimination, both new applicants and existing beneficiaries of the PLI home appliance program proposing to invest more by shifting to a higher target segment or their group companies applying in different target segments would be eligible to apply. subject to compliance with the eligibility conditions and compliance with the investment schedule mentioned in the plan guidelines.
The successful applicant in the proposed third round would be eligible for PLI for a maximum period of three years only in case of new applicants and existing beneficiaries opting for an investment period up to March 2023 and seeking to upgrade to a higher investment category . Existing beneficiaries opting for an investment period up to March 2022 and seeking to upgrade to a higher investment category in the proposed third round would be eligible for PLI for a maximum of two years only.
Existing beneficiaries who elect the above, in case they are unable to meet the investment or sales threshold in a given year, will be eligible to submit claims as per their original investment plan. However, this flexibility will be provided only once during the plan period.
Further, to maintain liquidity in the business, better management of working capital and improve operational efficiency of the beneficiaries, it has been decided to introduce PLI quarterly claim processing system instead of processing claims annually. Necessary amendments are incorporated in the Scheme Guidelines to clarify the above.
So far, 66 applicants with committed investments of Rs 6,962 crore have been selected as beneficiaries of the PLI scheme. Daikin, Voltas, Hindalco, Amber, PG Technoplast, Epack, Mettube, LG, Blue Star, Johnson Hitachi, Panasonic, Haier, Midea, Havells and Lucas are among the companies that manufacture air conditioner (AC) components.
Similarly, in the manufacturing of LED lighting components, companies such as Dixon, RK Lighting, Crompton Greaves, Stove Kraft, Chenfeng, Luker and Fulham, etc. have invested. These investments will lead to the manufacturing of air conditioner and LED lighting components across the value chain, including components that are currently not manufactured in India in sufficient quantities.
The Union Cabinet approved the Home Appliances PLI Scheme for manufacturing components and sub-assemblies of air conditioners (ACs) and LED lights on April 7, 2021, as part of Prime Minister Narendra Modi's 'Atmanirbhar Bharat' campaign to put manufacturing at center stage and emphasize its importance in driving India's growth and creating jobs. The scheme will be implemented over a period of seven years, from fiscal year 2021-22 to fiscal year 2028-29, and has an outlay of Rs 6,238 crore.
