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Business EconomyPosted at: Apr 8 2021 3:40PM


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.
UNI AKM 1534
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