PLI scheme: Govt approves Rs 4.5k cr for solar modules

08 Apr 2021 CW Staff

The government has approved a production-linked incentive (PLI) scheme for the air conditioner and LED lights sector at an outlay of Rs 6,238 crore and Rs 4,500 crore for high-efficiency solar PV modules.

The proposal was approved in the weekly Union Cabinet meeting, chaired by Prime Minister Narendra Modi.

The PLI scheme for white goods will extend an incentive of 4-6% on incremental sales of goods manufactured in India for five years to companies engaged in manufacturing ACs and LED lights, the government announced in a statement.

Minister of Commerce and Industry, Piyush Goyal told the media that a total of nine out of 13 PLI schemes have been approved to date, while the rest of the four schemes are in an advanced stage.

The government said that in five years the PLI Scheme will lead to an incremental investment of Rs 7,920 crore, incremental production worth Rs 168,000 crore, exports worth Rs 64,400 crore, earn direct and indirect revenues of Rs 49,300 crore.

The production-linked incentive (PLI) scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. The scheme encourages local companies to set up or expand existing manufacturing units and to generate more employment, and reduce India’s reliance on imports from other countries.

Image Source

Also read: Extended PLI scheme to cover solar PV, specialised steel

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..