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New PLI scheme notified for white goods and telecom sector

  • IASbaba
  • June 8, 2021
  • 0
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New PLI scheme notified for white goods and telecom sector

Part of: GS Prelims and GS -III – Economy 

In news

  • Recently, Production Linked Incentive schemes were announced for white goods and Telecom and Network Equipment
  • White goods include large electrical goods used domestically such as refrigerators and washing machines, Air conditioners and LED lights, typically white in colour.

For White Goods

  • Objective: 
    • To create complete component ecosystems in India
    • To make India an integral part of the Global supply chains 
  • Duration and funds 
    • Rs. 6,238 crores 
    • From 2021-22 to FY 2028-29 
  • Features 
    • It will offer an incentive of 4 to 6% on incremental sales of goods manufactured in India. 
  • Benefits 
    • Increased investment, production, exports
    • Create additional 4 lakh direct and indirect jobs

For Telecom sector and Network Equipment 

  • Objective
    • To make India a global manufacturing hub for Telecom and networking products.
  • Duration and funds 
    • Rs. 12, 195 crores with 1,000 crore to be allocated for MSMEs 
    • From Fy 2021-22 to FY 2025-26 
  • Features 
    • It is available to both MSMEs and non MSMEs companies. 
    • Also available to Domestic and global companies with minimum investment threshold limits for MSMEs above Rs. 10 crore and non MSMEs above Rs. 100 crore.
  • Benefits 
    • Investment of around Rs. 3,000 crores
    • Increased production and exports of Rs. 2 lakh crore over five years
    • Create direct and indirect jobs

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