PLI Scheme Draws Rs 35.16 Bn for AC and LED Component Production

23 Jan 2025 CW Team

The third round of applications for the Production-Linked Incentive (PLI) Scheme for white goods has garnered Rs 35.16 billion in committed investments. The scheme, designed to boost domestic manufacturing of air conditioner (AC) and LED light components, received 38 applications, with 18 new companies being provisionally selected. Among these, 10 manufacturers are focused on AC components, while 8 are dedicated to LED components, contributing Rs 22.99 billion in investments. Furthermore, six existing beneficiaries have upgraded to higher investment categories, contributing an additional Rs 12.17 billion to the total. These investments are expected to enhance India's manufacturing ecosystem and reduce its dependence on imports.

In total, 84 companies under the scheme have committed investments of Rs 104.78 billion, which is expected to generate production worth Rs 1.72 trillion. The scheme incentivizes incremental sales, offering benefits ranging from 6-4 per cent over a five-year period. Domestic value addition in the sector is anticipated to rise from 15-20 per cent to 75-80 per cent.

Launched in April 2021 with an outlay of Rs 62.38 billion, the scheme seeks to integrate India into global supply chains for white goods. Under the initiative, components such as compressors, heat exchangers, LED chip packaging, and light management systems will be manufactured domestically.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..