<span>representative image</span>Department for Promotion of Industry and Internal Trade (DPIIT) asked on Monday white goods Manufacturers will have to participate in large numbers to avail fiscal benefits under this production linked incentives The plan for this area has not yet received a response. Rajiv Singh Thakur, additional secretary in DPIIT, said that the department has reopened the application window for PLI (Production Linked Incentive) scheme for white goods (ACs and LED lights).
The application window is open from July 15 to October 12.
“In PLI in the white goods scheme, somehow the response has been muted. …Probably due to various reasons there has not been adequate response. So I request (the industry) to take a look and maybe this time, you can “Can consider (applying),” Thakur said at the CII Consumer Electronics & Durables Summit 2024 here.
66 applicants have committed so far investment Rs 6,962 crore have been selected as beneficiaries under the PLI scheme.
Union Cabinet has approved PLI scheme for white goods Production of components and sub-assemblies of air conditioners (ACs) and LED lights on April 7, 2021.
The scheme is to be implemented over a seven-year period from 2021-22 to 2028-29 and has an outlay of Rs 6,238 crore.
He said the department can negotiate separately with the industry on issues like quality control orders and logistics.
Thakur told the industry that this is the right time to increase investment in the country as the government has increased its capital expenditure and taken steps to promote it. ease of doing business,
Public capital expenditure in sectors such as highways, expressways, ports, airports and railways has been growing rapidly over the past 10 years, but the private sector response “has somehow not been as expected”, he said.
Earlier speaking at the event, DPIIT Secretary Amardeep Singh Bhatia said several steps have been taken to promote ease of doing business, reduce compliance burden and decriminalize small crimes.
The government has also recently approved 12 industrial township And the industry can consider investing there.
he added this capital availability Now this is not an issue and the government has also provided protection to the industry from predatory imports.
Schemes like PLI and Semiconductor Mission have been launched to boost manufacturing and “now we want industries to ensure that they have the necessary support for technology and investment”.
The industry should not only collaborate to target the domestic market but also become a part of global value chains,
Bhatia said, “This is an expectation we have from the entire industry and I think the industry will come forward to meet these expectations… We have a huge demographic dividend and the industry should take advantage of it otherwise “We’re going to miss it.”
He also said that there is no shortage of adequate skilled workers in the country. logistics cost are also coming down.
On logistics, he gave the example of Amazon and Flipkart selling goods in remote parts of the country.
“I don’t think the industry should just look at existing domestic demand for collaboration,” he said. Apart from the domestic market, they should also focus on the future and the export market.” He said that the expenditure on research and development is ”extremely” low. And it needs to be increased.
