Production-Linked Incentive (PLI) Scheme for White Goods: A Boost to Domestic Manufacturing
UPSC Relevance
Prelims: Indian Economy (Industrial Policy, Make in India, Aatmanirbhar Bharat, Government Schemes - PLI).
Mains:
General Studies Paper 3 (Economy): Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment; Government policies and interventions for development in various sectors; Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. The PLI scheme is the government's flagship industrial policy.
Key Highlights from the News
The Production-Linked Incentive (PLI) scheme for White Goods (Air Conditioners, LED Lights) has been reopened by the Union Ministry of Commerce and Industry.
This is due to the appetite of the industry to invest more and the initial success of the scheme.
The main objective of this scheme is to promote the domestic manufacturing of components and sub-assemblies for air conditioners and LED lights.
This will help reduce dependence on imports for these products and develop a complete value chain within India.
This is a significant step towards achieving the goals of Aatmanirbhar Bharat and Make in India.
So far, the scheme has attracted an investment of ₹10,406 crore under 83 applicants.
COMMENTS