Cabinet approves white goods PLI scheme worth Rs 6,238 crore ANI | Updated: Apr 07, 2021 17:35 IST
New Delhi [India], April 7 (ANI): The union cabinet has approved the Production Linked Incentive (PLI) scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs 6,238 crore.
Addressing a press conference after the cabinet meeting, Union Minister of Commerce & Industry Piyush Goyal on Wednesday said, The union cabinet chaired by Prime Minister Narendra Modi has approved Production Linked Incentive (PLI) scheme for manufacturing of white goods (that is, air-conditioners and LEDs) and high-frequency solar PV modules. With this decision of the union cabinet today, a total of nine out of 13 PLI schemes have been approved to date, while the rest of the four schemes are in an advanced stage. Together these schemes will give a big push to India s manufacturing sector, he said.
Cabinet approves PLI scheme for ACs, LEDs, high-efficiency solar PV modules
PLI scheme: The PLI scheme, which aims at boosting domestic manufacturing in the country, is a central government initiative to make the indigenous industry globally competitive and aimed at the production of high-value export-oriented items
BusinessToday.In | April 7, 2021 | Updated 16:11 IST
Minister of Railways and Coal Piyush Goyal. Photo: Reuters
The Union Cabinet on Wednesday approved the PLI (Production-Linked Incentive) scheme for air conditioners (ACs), and high efficiency solar PV modules, said Commerce Minister Piyush Goyal while addressing media on cabinet decisions. Govt. led by PM @NarendraModi ji approves PLI scheme for Air Conditioners & LED lights to make manufacturing in India globally competitive. India s growth story will be led by its flagship PLI Scheme, boosting capability of local industry & job growth, Goyal tweeted as well.
Cabinet approves Rs 4,500 cr PLI scheme to boost manufacturing of solar PV Modules
New Delhi, Apr 7 (UNI) The Cabinet on Wednesday approved implementation of the Production Linked Incentive (PLI) Scheme National Programme on High Efficiency Solar PV (Photo Voltic) Modules for achieving manufacturing capacity of GW scale in high efficiency solar PV modules with an outlay of Rs 4,500 crore.
The Cabinet, in a meeting chaired by Prime Minister Narendra Modi, approved the the Ministry of New & Renewable Energy s proposal.
After the meeting, Union Minister Piyush Goyal told a press conference here that at present, there is a dependence on imported solar PV cells and modules largely for solar capacity enhancement, as the domestic manufacturing industry has limited operational solar PV cells and modules.
Cabinet approves solar and white goods PLI scheme The union cabinet has approved the Production Linked Incentive (PLI) scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs 6,238 crore. Addressing a press conference after the cabinet meeting, Union Minister of Commerce & Industry Piyush Goyal on Wednesday said the decision will add 10,000 Mega Watt capacity of integrated solar PV manufacturing plants, adding the PLI schemes will give a big push to India s manufacturing sector.
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The Union cabinet on Tuesday approved the proposal of ministry of new and renewable energy (MNRE) for ramping up domestic manufacturing of solar photovoltaic (PV) panels under the ‘Production Linked Incentive’ scheme of the Centre. The proposed scheme is envisaged to create additional 10,000 MW capacity of integrated solar PV manufacturing plants in the country. Under the PLI scheme, the Cabinet in November 2020 had approved Rs 4,500 crore for manufacturing of ‘High Efficiency Solar PV Modules. The nodal ministry MNRE thereafter proposed a ‘National Programme on High efficiency solar PV modules’ for the same. “Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational capacities of solar PV cells and modules. The National Programme on High Efficiency Solar PV Modules will reduce import dependence in a strategic sector like electricity. It will also support the Atmanirbhar B