New Delhi, Nov. 13 -- India's push for domestic manufacturing got a boost this week, with 13 companies committing Rs.1,914 crore in new investments under the government's production-linked incentive (PLI) scheme for white goods.
More than half of the applicants were micro, small, and medium enterprises (MSMEs), the commerce ministry said in a statement on Thursday, adding it indicated their growing confidence in the manufacturing value chain for air-conditioners and LED (light emitting diode) light components.
Nine of these 13 firms plan to make key components for air-conditioners, including compressors, motors, copper tubes, and control assemblies, with a combined investment of Rs.1,816 crore, the ministry said. Four others will invest...
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