The government said 15 companies including Adani Copper Tubes, LG Electronics and Wipro Enterprises, with committed investment of 1,368 crore, have been selected as beneficiaries under the production linked incentive scheme for the white goods sector.
In November of last year, 42 companies including Havells, Panasonic, Daikin and Panasonic were selected with committed investment of Rs 4,614 crore.
In March this year, the government had opened the application window for its Rs 6,238 crore PLI scheme for air-conditioned ACs and LED lights with an aim to accommodate more players as several firms expressed interest in the initiative.
In this round, 19 companies had applied.
After evaluation of the 19 applications received in the second round. The Commerce and Industry Ministry said 15 applicants with committed investment of Rs 1,368 crore have been provisionally selected as beneficiaries.
These include six for manufacturing AC components with committed investments of Rs 908 crore and nine for LED light components with committed investments of Rs 460 crore.
Over the five years, these 15 companies will have total production of Rs 25,583 crore and generate additional direct employment of 4,000 people, it said.
The PLI scheme on white goods is designed to make India an integral part of the global supply chains and create a complete component ecosystem for the ACs and LED industry in India.