The Department for Promotion of Industry and Internal Trade (DPIIT) says that The expenditure finance committee has approved the proposal of the commerce and industry ministry for providing incentives to ACs and LED lights under the PLI scheme, which aims at boosting domestic manufacturing in the country.

In November, the Union Cabinet had approved Rs 6,238-crore outlay for these two sectors, air conditioners and LED lights, under the production-linked incentive (PLI) scheme Based on the recommendations of the committee, the Department for Promotion of Industry and Internal Trade (DPIIT) has prepared a draft cabinet note.

The scheme would extend an incentive of 4 pc to 6 pc on incremental sales over the base year 2019-20 of goods manufactured in India and covered under target segments, to eligible companies, subject to fulfillment of threshold conditions of cumulative incremental investment and sales of manufactured goods, for a period of five years. 

DPIIT Secretary said that all the proposals would be approved by the union cabinet and then notified.'PLI is a game-changer scheme. It will promote global champions in India,' he told reporters here.

The scheme will be launched on April 1, and it will be open for applications for six months initially, which could be extended if required.

The scheme was launched for 13 sectors with an outlay of Rs 1.97-La-Cr over the next 5 years. The other sectors include telecom, textile products, food products and advanced chemistry cell battery.

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