Centre aims phased manufacturing plan for air conditioning-industry
ECONOMY & POLICY

Centre aims phased manufacturing plan for air conditioning-industry

The government is willing to look at the Phased Manufacturing Plan (PMP) for the AC industry, according to Anurag Jain, Secretary, DPIIT, to reduce imports and increase local value addition and employment.

Jain also said that the DPIIT will now ensure that all investments made under the White Goods PLI receive expedited approval from central and state government authorities, allowing the PLI's targets to be met on time. Jian also informed that the National Single Window Clearance System for Ease of Doing Business, which allows all applications to be filed and tracked online, was in the process of being expedited.

Anurag Jain, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) said this in response to suggestions made by some of the CEOs present at a roundtable on November 25 to develop a PMP for the AC industry.

The government is willing to examine the PMP for the air conditioning industry to curb imports and boost local value addition and employment, according to the Ministry of Commerce and Industry.

Under Press note 3, Jain informed that the government is expediting the processing of Foreign Direct Investment (FDI) applications.

Following the Covid-19 pandemic, the government made prior approval mandatory for foreign investments from countries that share a land border with India to prevent opportunistic takeovers of domestic firms.

Over 150 CEOs and CXOs from the white goods industry attended the DPIIT-FICCI Investor Roundtable.

Image Source

The government is willing to look at the Phased Manufacturing Plan (PMP) for the AC industry, according to Anurag Jain, Secretary, DPIIT, to reduce imports and increase local value addition and employment. Jain also said that the DPIIT will now ensure that all investments made under the White Goods PLI receive expedited approval from central and state government authorities, allowing the PLI's targets to be met on time. Jian also informed that the National Single Window Clearance System for Ease of Doing Business, which allows all applications to be filed and tracked online, was in the process of being expedited. Anurag Jain, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) said this in response to suggestions made by some of the CEOs present at a roundtable on November 25 to develop a PMP for the AC industry. The government is willing to examine the PMP for the air conditioning industry to curb imports and boost local value addition and employment, according to the Ministry of Commerce and Industry. Under Press note 3, Jain informed that the government is expediting the processing of Foreign Direct Investment (FDI) applications. Following the Covid-19 pandemic, the government made prior approval mandatory for foreign investments from countries that share a land border with India to prevent opportunistic takeovers of domestic firms. Over 150 CEOs and CXOs from the white goods industry attended the DPIIT-FICCI Investor Roundtable. Image Source

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back