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Appliances industry seeks second round of PLI
Hindustan Times West UP
|January 11, 2025
The appliances and consumer electronics industry has urged the government to bring a second round of the production-linked incentive (PLI) scheme for high-value components like compressors and motors and rationalise taxes.
NEW DELHI:
It has also asked for reductions in tariffs on imports, which will help to make the products competitive in the global market, said industry body Consumer Electronics & Appliances Manufacturers Association (CEAMA).
"We, over a period of time, need to reduce the taxes. We need to reduce our tariffs so that our manufacturers can become competitive. We have a large base and we should be manufacturing for the world," said CEAMA president Sunil Vachani.
Besides, he also suggested creating large centres of excellence along the coastal areas, "where we can offer plug and play facilities to our MSMEs and offer land at attractive rates to a large corporate".
This story is from the January 11, 2025 edition of Hindustan Times West UP.
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