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TMI Blog15 companies selected under 2nd Round of PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs 1,368 croreX X X X Extracts X X X X X X X X Extracts X X X X ..... 15 companies selected under 2nd Round of PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs 1,368 crore - News and Press Release Dated:- 28-6-2022 - News - 15 companies selected under 2nd Round of PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs 1,368 crore 6 AC Companies to invest Rs 908 crore; 9 LED Companies to invest Rs 460 crore Production worth Rs 25,583 crore expected over next 5 years, creating additional direct employment of about 4,000 persons Altogether, 61 companies under the PLI Scheme for White Goods to bring investments of Rs 6,632 crore, production worth Rs 1,22,671 crore and create 46,368 additional direct employment As a result of PLI in White Goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , domestic value addition expected to grow from the current 15-20% to 75-80%, Shri Anil Agrawal, Additional Secretary, DPIIT. A total of 15 applicants have been selected under the 2nd round of the PLI scheme in White Goods. After evaluation of the 19 applications received in the second round, 15 applicants with committed investment of Rs 1,368 crore have been chosen. These include 6 for manufacturing ACs components with committed investments of Rs 908 crore and 9 for LED Lights components with committed investments of Rs 460 crore. These 15 companies will have total production worth Rs 25,583 crore over five years and generate additional direct employment of 4,000 persons. Four applicants are being referred to the Committee of Expert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s (CoE) for examination and its recommendations. The details of applicants are placed at Annexure. Speaking at a press conference in New Delhi today, Shri Anil Agrawal, Additional Secretary, DPIIT said that as a result of PLI, the domestic Value Addition in these segments is expected to grow from the current 15-20% to 75-80%. He said the PLI scheme and other regulatory measures including Quality Control Orders, Standards Labels had given a big boost to Make In India and Atmanirbhar Bharat in ACs and LEDs. In the first round of applications, 52 companies had filed their applications and 46 applicants with committed investment of Rs 5,264 crore were selected. Altogether, 61 applicants approved in both the Rounds are expected to bri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng investments in component manufacturing eco-system of ACs and LED Lights industry to the tune of Rs 6,632 crore and generate approx. 46,368 direct employment opportunities. The Scheme is expected to lead to total production of components of ACs and LED Lights of about Rs 1,22,671 crore over five years. For Air Conditioners, companies will be manufacturing copper tubing, compressors, control assemblies for IDU or ODU, Heat Exchangers and BLDC motors among other components. Similarly, for LED Lights, LED Chip packaging, LED Drivers, LED Engines, LED Light Management Systems and Metallized films for capacitors etc. will be manufactured in India. The PLI Scheme on White Goods is designed to create complete component ecosystem for Air Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nditioners and LED Lights Industry in India and make India an integral part of the global supply chains. The Scheme extends an incentive of 6% to 4% on reducing basis on incremental sales for a period of five (5) years subsequent to the base year and one year of gestation period. The Union Cabinet had given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) on 7th April 2021, to be implemented from FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 Crore. Annexure Table1: Applicants provisionally selected in the 2 nd Round of PLI Scheme for White Goods (i). Air Conditioners Sl. Applicant Products to be man ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ufactured Gestation period Committed Investment (RsCrore) ADANI COPPER TUBES LIMITED Copper Tube (Plain and/or grooved) Upto03/23 408.00 LG ELECTRONICS INDIA PRIVATE LIMITED Compressors Control Assemblies for IDU or ODU or Remotes Motors Heat exchangers Plastic Moulding components Upto03/23 300.00 STARION INDIA PVT LTD 1. Control Assemblies for IDU or ODU or Remotes 2. Cross Flow Fan (CFF) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Heat exchangers 4. Sheet Metal Components 5. Plastic Moulding components Upto03/23 50.10 KAYNES TECHNOLOGY INDIA LIMITED 1. Control Assemblies for IDU or ODU or Remotes 2. Plastic Moulding components 3. Display Panels (LCD/ LED) Upto03/23 50.00 MITSUBISHI ELECTRIC INDIA PRIVATE LIMITED 1. Control Assemblies for IDU or ODU or Remotes 2. Cross Flow Fan (CFF) 3. Heat exchangers Upto03/23 50.00 SWAMINATHAN ENTERPRISES PRIVATE LIMITED ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Motors Upto03/23 50.00 Total 908.10 (ii) LED Lights Sl. Applicant Products to be manufactured Gestation period Committed Investment (RsCrore) 1. JINDAL POLY FILMS LIMITED 1. Metalized film for capacitors Upto03/23 360.00 2. SAHASRA SEMICONDUCTORS PRIVATE LIMITED 11. LED Drivers Upto03/23 20.00 3. KONARK F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IXTURES LIMITED 1. LED Drivers 2. LED Modules 3. Mechanicals- Housing 4. Diffusers 5. LED Light Management Systems (LMS) 6. Printed Circuit Boards (PCB) including Metal Clad PCBs 7. LED Transformers Upto03/23 16.55 4. WIPRO ENTERPRISES PRIVATE LIMITED 1. LED Drivers 2. LED Light Management Systems (LMS) Up to 03/23 12.00 5. LUMENS AIRCON PRIVATE LIMITED 1. LED Drivers 2. LED Modules 3. Mechanical- Housing 4. Diffusers Up to 03/23 10.50 6. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SVN OPTO ELECTRONICS PVT LTD 1. LED Drivers 2. LED Engines 3. LED Modules 4. Mechanicals Housing 5. Diffusers Up to 03/23 10.33 7. CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 1. LED Drivers 2. LED Modules 3. Mechanicals- Housing 4. Diffusers 5. LED Light Management Systems (LMS) 6. LED Engines Upto03/23 10.15 8. ELIN ELECTRONICS LIMITED 1. LED Drivers 2. LED Engines 3. LED Modules 4. Mechanicals Housing 5. Diffusers Up to 03/23 10.00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. ESKO CASTING AND ELECTRONICS PRIVATE LIMITED 1. LED Drivers 2. LED Engines 3. Mechanicals Housing 4. LED Light Management Systems (LMS) Upto03/23 10.00 Total 459.53 Table2: Applicants referred to the Committee of Experts (CoE) Sl. Applicant Products to be manufactured Gestation period Committed Investment (RsCrore) 1. ZECO AIRCON LIMITED 1. Heat Exchangers 2. Sheet Metal components Upto03/23 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 100.00 2. EMM ESS AIRCON PRIVATE LIMITED 1. Control Assemblies for IDU or ODU or Remotes, 2. Cross Flow Fan (CFF), 3. Valves Brass components, 4. Sheet Metal components, 5. Plastic Moulding components Upto03/23 52.00 3. SPEEDOFER INDIA PRIVATE LIMITED 1. Ferrite Cores Upto03/23 18.00 4. SIMOCO TELECOMMUNICATIONS (SOUTH ASIA) LIMITED 1. LED Drivers 2. LED Engines 3. LED Modules 4. Wire Wound Inductors 5. Drum Cores 6. LED Light Management Systems (LMS) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7. Printed Circuit Boards (PCB) including Metal Clad PCBs 8. LED Transformers Upto03/23 10.63 Total 180.63 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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