Inside India's Production Linked Incentive Schemes: White Goods
Since its launch last year, the 'AatmaNirbhar Bharat' initiative has witnessed significant government push towards enhancing domestic industries through a slew of measures like incentives, subsidies and funding support. Among the most significant of these measures was the recent approval by the country’s Cabinet headed by Prime Minister Modi to extend the Production Linked Incentive (PLI) scheme. The scheme, centred on incremental outputs, aims to strengthen manufacturing and export capacities of domestic firms and industries so as to put them at the heart of global supply chains. The main objectives of extending the PLI across different sectors are to develop the core competencies of Indian industries, encourage innovative technologies, create economies of scale through efficient processes and boost their global presence through exports. As envisioned by our Prime Minister, an efficient, dynamic and resilient domestic manufacturing ecosystem is of utmost importance for India to emerge as a global manufacturing hub. By detailing the PLI Scheme for the White Goods sector, this paper aims to provide a comprehensive picture of what the Scheme entails for every specific sub-sector.