Govt approves PLI scheme for air-conditioners, LED lights

The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of Rs 6,238 crore.

The proposal was approved in a Union Cabinet meeting, which was chaired by Prime Minister Narendra Modi.

Commerce and Industry Minister Piyush Goyal said that the approval of the scheme for ACs and LEDs will give a boost to domestic manufacturing.

Production-linked incentive scheme aims at boosting domestic manufacturing in the country.