Top firms to invest ₹3,516 cr under PLI for white goods

VOLTAS, BLUE STAR, Hindalco, Uno Minda, and LG are among 24 companies that have been selected in the third round of applications for the production-linked incentive (PLI) scheme for white goods that covers components of air conditioners and LED lights.

- FE BUREAU

Together these companies have committed an investment of ₹3,516 crore. After the third round, a total of 84 companies have been selected for PLI for white goods. These companies have committed investment of ₹10,478 crore that will result in the production of ₹1.72 lakh crore worth of goods during the duration of the scheme, a statement said. In the third round that opened for applications on July 15 and closed on October 12, thirty-eight applications were received.

Twenty-one applications came from the manufacturers of AC components and 17 applications from the makers of LED components.

"After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of air conditioners and eight manufacturers of LED lights, with committed investment of ₹2,299 crore.