FCC

Government Reopens PLI Scheme Application Window for ACs, LED Lights

2024-07-10

The government of India has announced the reopening of the Production Linked Incentive (PLI) scheme application window for air conditioners (ACs) and LED lights, extending the opportunity for manufacturers and stakeholders to participate for an additional 90 days. This initiative aims to bolster domestic manufacturing in the AC and LED lighting sectors, promoting self-reliance and enhancing production capabilities within the country. The PLI scheme offers financial incentives to eligible manufacturers based on their production targets and sales performance, encouraging investments in advanced technologies and sustainable practices. This move is expected to stimulate economic growth, create employment opportunities, and strengthen India's position in the global market for ACs and LED lighting products.