The Cabinet approval to the production-linked incentive (PLI) scheme on November 11 is expected to provide a boost to local manufacturing of white goods in India.
Industry body CEAMA (Consumer Electronics and Appliance Manufacturers Association) said the domestic manufacturing will also help generate employment in the appliances industry. The size of the white goods industry in India is estimated to be Rs 80,000 crore.
The total allocation under PLI would be Rs 1.46 lakh crore over five years, according to the government statement. Of this, Rs 6,238 crore has been set aside for white goods including products like air-conditioners and LED lights.
Additionally, Rs 5,000 crore has been allocated for technology and electronic products which would include mobile phones, smartphone accessories, computers and laptops among others.