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

Next Story
Infrastructure Transport

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Next Story
Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Next Story
Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?