Blue Star, Voltas plan to invest Rs 3,000 cr in centre’s PLI scheme

08 Sep 2021 CW Team

Several companies that were considering investing in the manufacturing of air conditioners expecting finished goods to be allowed have shelved their plans because this scheme is only open for the production of components, unlike in mobile phones, where finished products are also covered.

As a result, several companies that were considering investing in the manufacturing of air conditioners expecting finished goods to be allowed have shelved their plans.

On September 15, the application window for the PLI scheme for air-conditioning components closes.

While an email seeking comment on the Aditya Birla Group's Hindalco unit went unanswered as of press time on Tuesday, executives at other companies confirmed their investment plans.

Amber Enterprises, a contract manufacturer, will propose a 400 crore investment, while Blue Star will invest 250 crore to build a heat exchanger and sheet metal plant.

Dixon is forming a Joint Venture (JV) with a Japanese company to produce air-conditioning printed circuit boards. GMCC, the world's largest compressor manufacturer and a subsidiary of China's Midea Group, is building a compressor plant near Pune for around Rs 700 crore.

After the government banned the import of ACs with refrigerant, 75 to 80% of the components are now imported, whereas more than 95% of ACs are now locally manufactured.

Several large manufacturers, including Samsung, LG, Godrej Appliances, and Daikin, are still debating whether or not to apply, and industry executives predict that some will decline because the PLI scheme focuses on components rather than finished goods. The industry pushed for the scheme to include finished goods as well, and it planned to invest in both.

Image Source

Also read: PLI scheme for solar PV to attract Rs 14k cr investment

Also read: Govt approves advanced chemistry cell PLI scheme

Multiple industry executives said Voltas, Blue Star, Dixon, China's GMCC, Amber Enterprises, Panasonic, Lloyd, and Hindalco are planning to apply for the government's production-linked incentive (PLI) scheme for air-conditioner components, which will bring immediate investments of more than 3,000 crore. Several companies that were considering investing in the manufacturing of air conditioners expecting finished goods to be allowed have shelved their plans because this scheme is only open for the production of components, unlike in mobile phones, where finished products are also covered. As a result, several companies that were considering investing in the manufacturing of air conditioners expecting finished goods to be allowed have shelved their plans. On September 15, the application window for the PLI scheme for air-conditioning components closes. While an email seeking comment on the Aditya Birla Group's Hindalco unit went unanswered as of press time on Tuesday, executives at other companies confirmed their investment plans. Amber Enterprises, a contract manufacturer, will propose a 400 crore investment, while Blue Star will invest 250 crore to build a heat exchanger and sheet metal plant. Dixon is forming a Joint Venture (JV) with a Japanese company to produce air-conditioning printed circuit boards. GMCC, the world's largest compressor manufacturer and a subsidiary of China's Midea Group, is building a compressor plant near Pune for around Rs 700 crore. After the government banned the import of ACs with refrigerant, 75 to 80% of the components are now imported, whereas more than 95% of ACs are now locally manufactured. Several large manufacturers, including Samsung, LG, Godrej Appliances, and Daikin, are still debating whether or not to apply, and industry executives predict that some will decline because the PLI scheme focuses on components rather than finished goods. The industry pushed for the scheme to include finished goods as well, and it planned to invest in both. Image Source Also read: PLI scheme for solar PV to attract Rs 14k cr investment Also read: Govt approves advanced chemistry cell PLI scheme

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..