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.
Foxconn’s new electronics manufacturing facility in Bengaluru is on the brink of commencement, with commercial…
Acharya Pramod Krishnam, the Peethadheeshwar of Kalki Dham in Sambhal, has lauded Congress MP Shashi…
Explore how stress contributes to weight gain and discover effective strategies to stay calm, manage…
Hollywood star Tom Cruise, promoting Mission: Impossible – The Final Reckoning, expressed his admiration for…
Union Home Minister Amit Shah congratulated javelin star Neeraj Chopra for his record-breaking performance at…
Deepfakes powered by AI are blurring the line between truth & fabrication, raising concerns over…