Amber, Dixon, Havells, Voltas receive PLI license under white goods categoryHAVELLS - 1099 Change: -7.95 (-0.72 %)
News: Total 42 companies have received PLI license under the white goods category. Of the total, 26 companies have received approval for AC components and another 16 companies received approval for LED light components manufacturing.
Views: Contract manufacturers Amber and Dixon have received two PLI license for AC and LED components manufacturing with investment of Rs.627 crore and Rs.151 crore, respectively. Other key beneficiaries include Havells and Voltas ( under our coverage) for AC components manufacturing with capex outlay of Rs.112 crore and Rs.100 crore respectively. The government estimates incremental production of Rs.81,000 crore of white goods ( AC and LED light components) over the next five years. Amber Enterprises, with one of the most backward integrated manufacturing facilities of AC components will be a key beneficiary of AC PLI.