Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing
By IANS |
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Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing. Image Source: IANS News
New Delhi, April 17 : The Department for Promotion of Industry and Internal Trade (DPIIT) has notified the Production Linked Incentive (PLI) scheme for white goods air conditioners and LED lights, with a budgetary outlay of Rs 6,238 crore.
With this, the new scheme has become operational and all eligible manufacturers can now take the benefit of financial incentives provided under it to boost capacity.
The PLI scheme for White Goods (PLIWG) proposes a financial incentive to boost domestic manufacturing and attract large investments in the White Goods manufacturing value chain. Its prime objectives include removing sectoral disabilities, creating economies of scale, enhancing exports, creating a robust component ecosystem and employment generation.
DPIIT notifies PLI scheme for ACs, LED lights; mere assembly of finished goods not to be incentivised
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DPIIT notifies PLI scheme for ACs, LED lights; mere assembly of finished goods not to be incentivisedBy
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Earlier this month, the government approved a production linked incentive (PLI) scheme for white goods - Air Conditioners (ACs) and LED Lights - with a budgetary outlay of Rs 6,238 crore. It will be implemented over 2021-22 to 2028-29.
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Earlier this month, the government approved a PLI scheme for white goods - ACs and LED Lights - with a budgetary outlay of Rs 6,238 crore.
ISA, as well as steelmakers have been deliberating with the government and points of concerns have been shared like a longer gestation time is required for steel mills to realise PLI benefits instead of five years, Dilip Oommen, President of Indian Steel
Renewable energy sector misses target for 5th year in a row
Chennai |
Updated on
The solar segment has now overtaken wind and tops the capacity addition table - imacoconut×
Sector added about 7356 MW of capacity against the targeted 14380 MW for FY21
G Balachandar
New capacity addition in the renewable energy sector fell far short of its target in Covid-battered fiscal year 2021 (FY21) with the sector adding just a little over half of what was originally intended. With the lower addition in FY21, the sector has missed its capacity addition target for the 5th year in a row.
As against the capacity addition target of 14380 MW for FY21, the renewable energy sector added only about 7356 MW, which is just 51 per cent of the target for the fiscal. In FY20, the sector added 8711 MW of new capacity to the grid.