The Centre has reopened the application process for the Production-Linked Incentive (PLI) scheme that covers air conditioners and LED lights. Announced by the commerce and industry ministry, the 30-day window will allow both new and existing participants to apply between September 15 and October 14.
The scheme, first introduced in 2021, is designed to boost domestic manufacturing in sectors where India is seeking greater self-reliance.
The ministry noted that the decision to reopen the application process reflects the strong demand from industry players interested in expanding their investment commitments. Both fresh applicants and current beneficiaries who wish to upgrade to higher categories or scale up operations can submit applications, provided they meet eligibility conditions.
However, the ministry has clarified that no applications will be entertained after the October 14 deadline. Approved participants in this round will be eligible to receive incentives for the balance period of the scheme. For new entrants or companies opting for longer investment timelines, support will be restricted to two years.
So far, 83 companies have already been approved under the PLI scheme, pledging investments worth ₹10,406 crore. These projects cover the entire AC and LED value chain, including critical components that are not adequately manufactured in India.
The PLI scheme for white goods, covering air conditioners and LED lights, was approved by the Union Cabinet in April 2021. With a total outlay of ₹6,238 crore, it is scheduled to run for seven years until FY 2028–29.
By incentivising production across the value chain, the scheme seeks to enhance domestic capacity, reduce reliance on imports, and support India’s manufacturing competitiveness. The reopening of applications is expected to draw further investments and accelerate the pace of self-reliance in these industries.
Read More: Historical Context: Tata Capital’s Growth Since Its Founding in 2007!
With the fresh application window now open, the government has renewed its push to strengthen domestic manufacturing under the PLI scheme for ACs and LED lights. By attracting new investments and supporting scaling-up efforts, the initiative is likely to expand India’s production base while fostering innovation and value chain development.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 15, 2025, 2:13 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates