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 Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?