Mumbai, Nov. 13 -- The 4th Round of the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) was launched by the Department for Promotion of Industry and Internal Trade (DPIIT). It has attracted 13 applications with a net committed investment of Rs 1,914 crore. Over 50 per cent applicants belong to MSMEs, reflecting the growing confidence of small and medium enterprises in joining the Air Conditioner and LED components manufacturing value chain.

Among the 13 applicants, an existing beneficiary commits an additional investment of Rs 15 crore. Nine applicants, representing 75% of the total, have applied for manufacturing Air Conditioner components with a cumulative investment of Rs 1,816 crore focusing...