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.
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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.
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