+
Government Reopens PLI Scheme Application Window for ACs, LED Lights
POWER & RENEWABLE ENERGY

Government Reopens PLI Scheme Application Window for ACs, LED Lights

The government of India has announced the reopening of the Production Linked Incentive (PLI) scheme application window for air conditioners (ACs) and LED lights, extending the opportunity for manufacturers and stakeholders to participate for an additional 90 days. This initiative aims to bolster domestic manufacturing in the AC and LED lighting sectors, promoting self-reliance and enhancing production capabilities within the country. The PLI scheme offers financial incentives to eligible manufacturers based on their production targets and sales performance, encouraging investments in advanced technologies and sustainable practices. This move is expected to stimulate economic growth, create employment opportunities, and strengthen India's position in the global market for ACs and LED lighting products.

The government of India has announced the reopening of the Production Linked Incentive (PLI) scheme application window for air conditioners (ACs) and LED lights, extending the opportunity for manufacturers and stakeholders to participate for an additional 90 days. This initiative aims to bolster domestic manufacturing in the AC and LED lighting sectors, promoting self-reliance and enhancing production capabilities within the country. The PLI scheme offers financial incentives to eligible manufacturers based on their production targets and sales performance, encouraging investments in advanced technologies and sustainable practices. This move is expected to stimulate economic growth, create employment opportunities, and strengthen India's position in the global market for ACs and LED lighting products.

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?