Daikin India inaugurates New Solution Plaza | The Navhind Times
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Daikin to set up production unit with Rs 1,000 cr investment
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Sops brighten the prospects of AC, LED lights makers
April 07, 2021
The PLI scheme is expected to increase local value addition to 75% from the current 25% level - Businessline
The PLI scheme is expected to increase local value addition to 75% from the current 25% level - Businessline×
But industry says scheme should also cover finished products The PLI scheme for the AC industry, which got the Cabinet nod on Wednesday, is expected to strengthen the component ecosystem and boost local value-addition. Industry players, however, said that incentives under the scheme should also have been extended to finished AC products.
Kamal Nandi, President, CEAMA and Business Head & Executive Vice-President – Godrej Appliances said, “This scheme will bring the entire value chain on-shore and enable India to play a more significant role globally, while creating employment opportunities locally. However, towards a holistic growth of the sector, finished goods can also be cons