PLI Scheme 3rd Round: Voltas, Hindalco and UNO Minda Under Selected 18 Companies

On January 20, 2025, the Ministry of Commerce & Industry stated that it has selected 24 companies under the PLI Scheme for White Goods. The release by the Ministry further stated that a total of 18 new companies, including Voltas, MIRC Electronics, Lumax, and UNO Minda, have been selected to avail of benefits under the Production-Linked Incentive (PLI) scheme for the white goods sector with an investment of ₹2,299 crore and 6 existing PLI beneficiary committed an additional investment of ₹1,217 crore

Manufacturing Focus for Air Conditioners and LED Lights

In the 3rd round of the PLI scheme, 38 companies submitted applications with a proposed investment of ₹4,121 crore. Following a review, 18 new companies were provisionally selected. The selected companies include 10 manufacturers of air conditioner components and 8 manufacturers of LED lights.

The selected companies will focus on manufacturing key components for air conditioners, such as compressors, copper tubes, and heat exchangers For LED lights, production will include LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors

With the new selections, the total number of companies under the PLI scheme for white goods has reached 84. These companies are expected to bring in investments of Rs 10,478 crore, leading to production worth Rs 1,72,663 crore.

Notable Investments from Selected Companies

• Voltas Components has committed ₹256.73 crore for manufacturing compressors
• MIRC Electronics plans to invest ₹51.5 crore to make AC products, such as motors and heat exchangers
• Other selected companies for air conditioner components include Jupiter Aluminium Industries (₹ 618 crore), Ram Ratna Wires (₹ 253 crore), SMEL Steel Structural (₹ 541.29 crore), and Next Generation Manufacturers (₹ 121.35 crore).
• In the LED lights category, Lumax Industries will invest ₹60 crore to produce LED drivers, and UNO Minda will invest ₹19.82 crore.

Applications Under Further Review

Out of the 38 applications received, 11 have been referred to the Committee of Experts (CoE) for further examination and recommendations. Additionally, two existing applicants are also being referred to the committee.

Withdrawn Applications and Upgrades for Existing Beneficiaries

One applicant has opted out of the scheme and withdrawn its application. 6 existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional ₹1,217 crore. These companies include Hindalco Industries (₹ 360 crore), LG Electronics India (₹ 433 crore), Blue Star Climatech (₹ 180 crore), and Voltas Ltd (₹ 200 crore).

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