The Cabinet approved two production linked incentive schemes for air conditioners, LED lights and high efficiency solar PV modules worth ₹10,738 crore. PLI for solar PV modules is worth ₹4,500 crore, while the PLI scheme for white goods is worth ₹6,238 crore.
These schemes plan to make India a manufacturing hub for meeting both domestic consumption needs as well as for exports. The PLI scheme for white goods is expected to lead to incremental production worth ₹1.7 trillion, exports worth ₹64,400 crore with additional employment generation of more than 100,000 jobs over 5 years.
