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Business Economy

PLI for air conditioners step towards making India self-reliant: Kamal Nandi

Panaji, Apr 8 (UNI) Kamal Nandi, President CEAMA and Business Head and Executive Vice President, Godrej Appliances, has welcomed the Production Linked Incentive (PLI) for Air Conditioners and said it was a step toward making India self-reliant.
In a statement, he said,''The Production Linked Incentive (PLI) for Air Conditioners that was approved today is a step towards making India self-reliant in a category that has exponential growth potential. This scheme will bring the entire value chain on-shore and enable India to play a more significant role globally, while creating employment opportunities locally. However, towards a holistic growth of the sector, it is highly desired that the finished goods are also considered for incentivising, in addition to its components, under the PLI scheme . Further, given the low penetration of this category , the domestic demand also needs be boosted by making ACs more affordable, and that could be facilitated through reducing the GST from 28 per cent to 18 per cent. This will provide the highly desired scalability to the AC production, in turn, will enhance the sector’s competitiveness.''
''CEAMA has been a strong advocate of growing domestic manufacturing and is proud to have worked closely with DPIIT in making PLI a reality,” he said.
The Centre on Wednesday had reportedly approved two production-linked incentive schemes for white goods (air-conditioners and LED lights) and high-efficiency solar photovoltaic modules.
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CIMCON partners with UST to market smart lighting controls, city platforms

16 Apr 2021 | 11:12 PM

Thiruvananthapuram, Apr 16 (UNI) CIMCON Lighting Inc (CIMCON), the leading global provider of smart city technologies, has announced a strategic partnership with UST, a leading digital transformation solutions company, to build and accelerate the time to market of CIMCON’s best-in-class smart lighting controls and smart city platforms, in an effort to help cities and utilities more rapidly realize the benefits of smart city applications.

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ESAF Bank raises Rs 162 crore through preferential allotment

16 Apr 2021 | 10:04 PM

Kochi, Apr 16 (UNI) ESAF Small Finance Bank has raised Rs 162 crore as equity through preferential allotment of shares.

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Shatplus, a ray of hope for healthy body and improved immunity

16 Apr 2021 | 8:23 PM

Pune, Apr 16 (UNI) Bharat Vikas Group (BVG), Life Sciences Limited, a next generation health and wellness company, aims to develop eco-friendly Sat innovative evidence based herbals and phytopharmaceuticals for better healthcare, a release said on Friday.

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India-France tech programme to support startups launched

16 Apr 2021 | 8:01 PM

New Delhi, Apr 16 (UNI) The MeitY Startup Hub (MSH) and La French Tech Bangalore-India have launched the Indo-French Tech Programme to support startup collaboration, facilitate a rapid convergence of the French and Indian start-up ecosystems, and establish linkages between Indian and French incubators and startups.

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Employment generation on priority for CII, advocates digitization of key services

16 Apr 2021 | 7:51 PM

Chandigarh, Apr 16 (UNI) Employment generation will be on highest priority for Confederation of Indian Industry (CII) in Northern Region (NR) with a strategic move to bring more investment and human intensive industry to the region.

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