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TMI Blog24 Companies selected under PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs. 3,516 crore in Third Round.X X X X Extracts X X X X X X X X Extracts X X X X ..... 24 Companies selected under PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs. 3,516 crore in Third Round. - GST Dated:- 20-1-2025 - News - 24 Companies selected under PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs. 3,516 crore in Third Round. - - - Dated:- 20-1-2025 - 18 new companies committed investments of Rs. 2,299 crore and 6 existing PLI beneficiary committed additional investment of Rs. 1,217 crore 15 AC Companies to invest Rs. 3,260 crore, 9 LED Companies to invest Rs. 256 crore Total of 84 companies under the PLI Scheme for White Goods (ACs and LED Lights) are set to bring investments of Rs 10,478 crore, resulting in production worth Rs 1,72,663 crore during the Schem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e period With a total of 24 beneficiaries committing investment of Rs 3,516 crore in the third round, the PLI Scheme is poised to significantly boost the production of Components of ACs LED Lights across India. In the third round of the on-line application window of the Production-Linked Incentive (PLI) Scheme , a total of 38 applications were received. After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of Air Conditioners and 8 manufacturers of LED Lights, with committed investment of Rs 2,299 crore. In addition, 6 existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... investment of Rs 1,217 crore. 13 applicants including two existing applicants are being referred to the Committee of Experts (CoE) for examination and its recommendations. The details of applicants are placed at Annexure. One of the applicants has decided to opt out from the scheme and has withdrawn the application. Altogether, 84 companies under the PLI Scheme for White Goods are set to bring investments of Rs. 10,478 crore, resulting in production worth Rs 1,72,663 crore. This move is expected to bolster the manufacturing capabilities and economic growth in the sector. For Air Conditioners, companies will be manufacturing components like, compressors, copper tubes (plain and/or grooved control assemblies for IDU or ODU, Heat Exchangers a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd BLDC motors among others. 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 Union Cabinet had given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 Crore on 7th April 2021. The Scheme was notified by DPIIT on 16.04.2021. The PLI Scheme on White Goods is designed to create a robust component ecosystem for Air Conditioners 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 inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... remental sales for a period of five (5) years subsequent to the base year and one year of gestation period. Domestic Value Addition is expected to grow from the current 15-20% to 75-80%. Annexure Table 1: Applicants provisionally selected in the 3 rd Round of PLI Scheme for White Goods Air Conditioners (Gestation Period FY 2021-23) S.no Applicant Name Eligible Products Committed Investment (Rs. in cr.) 1 Jupiter Aluminium Industries Private Limited 1. Aluminum Stock for Foils or Fins for heat exchangers 618.00 2 Ram Ratna Wires Limited 1. Copper Tube (plain and/or grooved) 2. Aluminum Stock for Foils or Fins for heat exchangers 253.00 3 SMEL Steel Structural Private Limited 1. Aluminum Stock for Foils or Fins for heat exchangers 541.29 4 Vo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ltas Components Private Limited (Formerly Known As Hi-Volt Enterprises Private Limited) Compressor including oil free and high capacity 256.73 5 Next Generation Manufacturers Private Limited 1. Plastic Moulding components 2. Display Panels (LCD/LED) 3. Motors 4. Heat exchangers 5. Sheet Metal components 6. Control Assemblies for IDU or ODU or Remote 7.Cross Flow Fan (CFF) 121.35 6 Neemrana Steel Service Center India Private Limited (Earlier Known As Sumikin Bussan Steel Services Centre India Pvt.Ltd) 1. Sheet Metal components 66.15 7 Clad Metal India Private Limited 1. Control Assemblies for IDU or ODU or Remotes 2. Valves Brass components 3. Heat exchangers 4. Sheet Metal components 50.03 8 Malhotra Electronics Private Limited 1. Control A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssemblies for IDU or ODU or Remotes 2. Cross Flow Fan 3. Heat Exchangers 4. Sheet Metal components 5. Plastic Moulding components 6. Display Panels (LCD/LED) 50.00 9 MIRC Electronics Limited 1. Control Assemblies for IDU or ODU or Remotes 2. Motors 3. Cross Flow Fan (CFF) 4. Valves Brass components 5. Heat exchangers 6. Sheet Metal components 7. Plastic Moulding components 8. Display Panels (LCD/LED) 51.50 10 Smile Electronics Limited 1. Control Assemblies for IDU or ODU or Remotes 2. Motors 3. Cross Flow Fan (CFF) 4. Valves Brass components 5. Heat exchangers 6. Sheet Metal components 7. Plastic Moulding components 8. Display Panels (LCD/LED) 51.00 Total 2059.05 (ii) LED Lights (Gestation Period FY 2021-23) S.no Applicant Name Eligible Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ducts Committed Investment (Rs. in cr.) 1 Ikio Solutions Private Limited 1.LED Modules 2.Mechanicals Housing 3.LED Transformers 4.LED Light Management Systems (LMS) 5.LED Engines 6.LED Drivers 7.Heat Sinks 8.Diffusers 41.00 2 Lumax Industries Limited 1. LED Drivers 60.00 3 Neolite ZKW Lightings Private Limited 1.LED Modules 23.66 4 Dhruv Industries Limited 1. Metallized film for capacitors 16.00 5 Uno Minda Limited 1.LED Drivers 2.Printed Circuit Boards (PCB) including Metal Clad PCBs 3.LED Light Management Systems (LMS) 4. Ferrite Cores 5.Diffusers 6.Heat Sinks 7.Drum Cores 8.Wire Wound Inductors 9.Mechanicals- Housing 10.LED Modules 11.LED Engines 12.LED Chips 19.82 6 HQ Lamps Manufacturing Co. Private Limited 1.LED Drivers 2.Mechanicals- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Housing 10.00 7 Intelux Electronics Private Limited 1. LED Driver 2. LED Modules 3. LED Engines 4. Printed Circuit Boards (PCB) including Metal Clad PCBs 5. LED Light Management System 6. LED Transformers 51.50 8 Hella India Automotive Private Limited 1. LED Drivers 17.84 Total 239.82 Existing Applicants moving to higher category (Rs. in cr.) S.No Applicant Name Eligible Products Gestation period (FY) Existing Committed Investment Revised Committed Investment Addl. Commitment Investment AC(Components) 1 Hindalco Industries Limited 1. Aluminum Stock for Foils or Fins for heat exchangers 2. Copper Tube (plain and/or grooved) 2021-23 539 899 360.00 2 LG Electronics India Private Limited 1. Compressor 2. Heat exchangers 3 Control Assemblies for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IDU or ODU or Remotes 4 Motors 5 Plastic Moulding Components 2021-23 300 733 433.00 3 Mettube Copper India Pvt Ltd Copper Tube (plain and/or grooved) 2021-23 300.21 328.08 27.87 4 Blue Star Climatech Limited 1. Control Assemblies for IDU or ODU or Remotes , 2. Heat exchangers 3.Sheet Metal components 2021-23 156 336 180.00 5 Voltas Limited 1. Control Assemblies for IDU or ODU or Remotes 2. Cross Flow Fan (CFF) 3. Heat exchangers 4. Sheet Metal components 5. Plastic Moulding components 6. Display Panelas (LCD/LED) 2021-23 100 300 200.00 Sub-total 1200.87 LED Components 6 Halonix Technologies Private Ltd 1. LED Modules 2. Mechanical Housing 3. Printed Circuit boards (PCBs) including Metal clad PCBs 4 Heat Sinks 5 Diffusers 6 Fuses 2021-22 13 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .04 29.66 16.61 Sub-total 16.61 Total 1,217.48 Table 2: Applicants referred to the Committee of Experts (CoE) Air Conditioners (Gestation Period FY 2021-23) S.no Applicant Name Eligible Products Committed Investment (Rs. in cr.) 1 KRN HVAC Products Private Limited 1. Heat exchangers 141.72 2 Topband India Private Limited 1. Control Assemblies for IDU or ODU or Remotes. 2. Display Panels (LCD/LED) 50.00 3 Veira Electrotech Private Limited 1. Control Assemblies for IDU or ODU or Remotes 2. Cross Flow Fan (CFF) 3. Heat exchangers 4. Sheet Metal components 5. Plastic Moulding components 60.00 4 Atomberg Innovation Private Limited 1. Control Assemblies for IDU or ODU or Remotes 2. Motors 50.20 5 Star Eltech Manufacturing India Private Ltd 1.Cros ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Flow Fan (CFF) 2.Control Assemblies for IDU or ODU or Remotes 3.Heat exchangers 4.Sheet Metal components 5.Plastic Moulding components 67.40 Total 369.32 (ii) LED Lights (Gestation Period FY 2021-23) S.no Applicant Name Eligible Products Committed Investment (Rs. in cr.) 1 Calcom Kadapa Private Limited 1. LED Driver 2. LED Modules 3. LED Engines 4. Mechanicals- Housing 5. LED Light Management System 6. Heat Sinks 7.Diffusers 101 2 Sheetal Electrotech Private Limited 1. LED Driver 2. LED Modules 3. Mechanical Housing 4. Diffusers 5. LED Light Management System 10.20 3 Prakash Elcomp Manufacturing Pvt Ltd 1. Resistors 2. Wire Wound Inductors 3.Capacitors 4. Printed Circuit Boards (PCB) including Metal Clad PCBs 5. LED Chips 22 4 Larica Led ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Products Private Limited 1.Printed Circuit Boards (PCB) including Metal Clad PCBs 2.Mechanicals- Housing 3.LED Drivers 10 5 Silver Consumer Electricals Private Limited 1. Mechanicals- Housing 2. Diffusers 3.LED Engines 4. LED Drivers 5. Printed Circuit Boards (PCB) including Metal Clad PCBs 20.23 6 VG Electronics Private Limited 1. Printed Circuit Boards (PCB) including Metal Clad PCBs 10.20 Total 173.63 Existing applicants (Rs. in cr.) S.no Applicant Name Eligible Products Gestation Period (FY) Existing Committed Investment Revised Committed Investment Addl. Committed Investment AC(Components) 1 Virtuoso Optoelectronics Limited 1. Control Assemblies for IDU or ODU or Remotes 2.Motors 3. Cross Flow Fan (CFF) 4. Valves Brass Components 5. He ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at exchangers 6. Sheet Metal components 7. Plastic Moulding components 2021-22 50.5 100 49.5 LED (Components) 1 CALCOM VISION LIMITED 1. LED Driver 2. LED Modules 3. LED Engines 4. Mechanical- Housing 5. Heat Sinks 6. Diffusers 7. LED Management systems 2021-22 10 25 15 - - 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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