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new Delhi11 minutes ago
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Kamal Nandi, president of the Consumer Electronics and Appliances Manufacturers Association, says this is an important step towards making the country self-sufficient in air conditioner manufacturing.
- 6,328 for air conditioner, 4,500 crore scheme for solar module
- Schemes announced for 9 sectors out of 13, 4 schemes to be announced soon
The Union Cabinet has taken a major decision to promote Make in India. On Wednesday, the Cabinet approved the Production Linked Incentive (PLI) scheme for two sectors at Rs 10,738 crore. Union Ministers Prakash Javadekar and Piyush Goyal said that a PLI scheme of Rs 6,328 crore has been approved to promote LED and air conditioner manufacturing. While the PLI scheme of Rs 4,500 crore has been approved for the manufacture of solar PV modules.
PLI scheme approved for 9 sectors so far
In order to promote Make in India, the Central Government has decided to implement the PLI scheme for the 13 sectors with maximum potential. The PLI scheme has been approved for 9 out of 13 sectors so far, covering the LED-air conditioner and solar module sectors. Union Minister Piyush Goyal said that work for the remaining 4 schemes is going on at the advanced level. He said that the manufacturing sector in the country will be encouraged through this scheme.
4 lakh jobs expected
The PLI scheme for the LED-air conditioner sector will remain in force for 5 years. Through this scheme, investment of Rs 7,920 crore will be made in this sector. Under the scheme, production of Rs. 1,68,000 crores will be made out of which products worth Rs. 64,400 crores will be exported. The scheme will generate direct and indirect revenue of Rs 49,300 crore. At the same time, about 4 lakh direct and indirect jobs will be created. Union Minister Piyush Goyal has also informed about the approval of the PLI scheme through social media posts.
Air conditioner manufacturers welcomed
The decision to include the air conditioner sector in the PLI scheme has been welcomed by the manufacturers. Air conditioner manufacturers say the scheme will help boost production in the country. Kamal Nandi, president of the Consumer Electronics and Appliances Manufacturers Association (CEAMA), says this is an important step towards making the country self-sufficient in air conditioner manufacturing. This is expected to lead to rapid development in this sector.