Production Linked Incentive scheme 15 more companies selected under this Scheme for white goods

The government on Wednesday announced that 15 more companies, including Adani Copper Tubes, LG Electronics India, have been selected under the 2nd round of the Production Linked Incentive (PLI) scheme in White Goods.

After evaluation of the 19 applications received in the second round, 15 applicants with committed investment of Rs 1,368 crore have been chosen, an official statement said. "These include six for manufacturing ACs components with committed investments of Rs 908 crore and nine for LED Lights components with committed investments of Rs 460 crore."

Production Linked Incentive scheme

These 15 companies will have total production worth Rs 23,960 crore over five years and generate additional direct employment of 4,300 persons, according to the statement.

In November last year in the first round, 42 firms, including Daikin, Panasonic, and Havells, with a committed investment of Rs 4,614 crore were selected.

Applicants provisionally selected for the scheme in the second round include Adani Copper Tubes (with committed investment of Rs 408 crore), LG Electronics India (Rs 300 crore), Mitsubishi Electric India and Kaynes Technology India (Rs 50 crore each), Jindal Poly Films (Rs 360 crore), Sahasra Semiconductors Pvt Ltd (Rs 20 crore), Wipro Enterprises (Rs 12 crore), and Crompton Greaves Consumer Electricals (Rs 10.15 crore) among others.

"The PLI Scheme on White Goods is designed to create a complete component ecosystem for Air Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains," says the statement by the government.

"The Scheme extends an incentive of 6% to 4% on reducing basis on incremental sales for a period of five (5) years subsequent to the base year and one year of gestation period. Domestic Value Addition is expected to grow from the current 15-20% to 75-80%."

The Union Cabinet had given approval to the Production Linked Incentive Scheme for White Goods on 7th April 2021, to be implemented from FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 crore.

Altogether, the centre informs, 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. 46,707 direct employment opportunities.

Annexure

Table1: Applicants provisionally selected in the 2nd Round of PLI Scheme for White Goods

(i). Air Conditioners

Sl.

Applicant

Products to be manufactured

Gestation period

Committed Investment

(RsCrore)

ADANI COPPER TUBES LIMITED

  1. Copper Tube (Plain and/or grooved)

Upto03/23

408.00

LG ELECTRONICS INDIA PRIVATE LIMITED

  1. Compressors
  2. Control Assemblies for IDU or ODU or Remotes
  3. Motors
  4. Heat exchangers
  5. Plastic Moulding components

Upto03/23

300.00

STARION INDIA PVT LTD

1. Control Assemblies for IDU or ODU or Remotes

2. Cross Flow Fan (CFF)

3. Heat exchangers

4. Sheet Metal Components

5. Plastic Moulding components

Upto03/23

50.10

KAYNES TECHNOLOGY INDIA LIMITED

1. Control Assemblies for IDU or ODU or Remotes

2. Plastic Moulding components

3. Display Panels (LCD/ LED)

Upto03/23

50.00

MITSUBISHI ELECTRIC INDIA PRIVATE LIMITED

1. Control Assemblies for IDU or ODU or Remotes

2. Cross Flow Fan (CFF)

3. Heat exchangers

Upto03/23

50.00

SWAMINATHAN ENTERPRISES PRIVATE LIMITED

  1. Motors

Upto03/23

50.00

Total

908.10

 (ii) LED Lights

Sl.

Applicant

Products to be manufactured

Gestationperiod

Committed Investment

(RsCrore)

1.

JINDAL POLY FILMS LIMITED

1. Metalized film for capacitors

Upto03/23

360.00

2.

SAHASRA SEMICONDUCTORS PRIVATE LIMITED

11. LED Drivers

Upto03/23

20.00

3.

KONARK FIXTURES LIMITED

1. LED Drivers

2. LED Modules

3. Mechanicals- Housing

4. Diffusers

5. LED Light Management Systems (LMS)

6. Printed Circuit Boards (PCB) including Metal Clad PCBs

7. LED Transformers

Upto03/23

16.55

4.

WIPRO ENTERPRISES PRIVATE LIMITED

1. LED Drivers

2. LED Light Management Systems (LMS)

Up to 03/23

12.00

5.

LUMENS AIRCON PRIVATE LIMITED

1. LED Drivers

2. LED Modules

3. Mechanical- Housing

4. Diffusers

Up to 03/23

10.50

6.

SVN OPTO ELECTRONICS PVT LTD

1. LED Drivers

2. LED Engines

3. LED Modules

4. Mechanicals – Housing

5. Diffusers

Up to 03/23

10.33

7.

CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED

1. LED Drivers

2. LED Modules

3. Mechanicals- Housing

4. Diffusers

5. LED Light Management Systems (LMS)

6. LED Engines

Upto03/23

10.15

8.

ELIN ELECTRONICS LIMITED

1. LED Drivers

2. LED Engines

3. LED Modules

4. Mechanicals – Housing

5. Diffusers

Up to 03/23

10.00

9.

ESKO CASTING AND ELECTRONICS PRIVATE LIMITED

1. LED Drivers

2. LED Engines

3. Mechanicals –Housing

4. LED Light Management Systems (LMS)

Upto03/23

10.00

Total

459.53

Table2: Applicants referred to the Committee of Experts (CoE)

Sl.

Applicant

Products to be manufactured

Gestation period

Committed Investment

(RsCrore)

1.

ZECO AIRCON LIMITED

1. Heat Exchangers

2. Sheet Metal components

Upto03/23

100.00

2.

EMM ESS AIRCON PRIVATE LIMITED

1. Control Assemblies for IDU or ODU or Remotes,

2. Cross Flow Fan (CFF),

3. Valves & Brass components,

4. Sheet Metal components,

5. Plastic Moulding components

Upto03/23

52.00

3.

SPEEDOFER INDIA PRIVATE LIMITED

1. Ferrite Cores

Upto03/23

18.00

4.

SIMOCO TELECOMMUNICATIONS (SOUTH ASIA) LIMITED

1. LED Drivers

2. LED Engines

3. LED Modules

4. Wire Wound Inductors

5. Drum Cores

6. LED Light Management Systems (LMS)

7. Printed Circuit Boards (PCB) including Metal Clad PCBs

8. LED Transformers

Upto03/23

10.63

Total

180.63


Source: PIB

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