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.
As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…
Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…
India and five Central Asian nations have agreed to deepen cooperation on rare earths and…
Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…
EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…
One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…