An official announcement on Monday revealed that 18 companies have been selected for the benefits under the production-linked incentive (PLI) scheme for the white goods sector. Voltas, MIRC, Lumax, and UNO Minda have been selected with a committed investment of 2,299 crores.
Also Read: PM Cares Spent 346 Cr On Orphaned Kids During Covid, Audit Reveals
In Oct 2024, 38 companies had filed applications with proposed investments of Rs 4,121 crore under the scheme in the third round. According to the ministry, Voltas Components has committed to invest Rs 257 crore to manufacture compressors. With a Rs 51.5-crore investment, MIRC Electronics has proposed to make AC products like motors.
Prime Minister Modi highlighted India’s major achievements in November during the 128th episode of his…
Delhi woke to a blanket of haze on Sunday, with the average AQI touching 270…
India has stepped up relief efforts in Sri Lanka as Cyclone Ditwah brings widespread devastation…
Prime Minister Narendra Modi will address the nation today in the 128th episode of his…
The Navyug Khadi Fashion Show showcased khadi’s modern transformation, blending PM Modi’s vision, artisan heritage,…
Parliament braces for a stormy winter session as the government pushes reforms and the Opposition…