Shivraj Singh Chouhan, Taliban minister discuss agricultural ties (See 'Corp Brief') Union Ministry Launches Integrated Training for Primary Healthcare Teams (See 'Corp Brief') Advancing Women's Leadership at Grassroots, held as part of BRICS Women Ministerial Meeting in Kochi (See 'Corp Brief') SARFAESI - Borrowers who fail to timely invoke MSME framework are precluded from seeking its protection at belated stage after SARFAESI proceedings have commenced: HC (See 'Legal Desk') Bhubaneswar Declaration charts roadmap to transform Tribal Research Institutes into centres of excellence (See 'Corp Brief') TEC signs MoU with BECIL to strengthen Telecom and Broadcasting Ecosystem (See 'Corp Brief') NLDSL and Punjab sign MoU to strengthen Digital Logistics Ecosystem (See 'Corp Brief') Competition Act - OP entered into anti-competitive agreements & abused its dominant position by imposing unfair & restrictive conditions on participants in its beauty pageant, in contravention of Sections 3 & 4 - D-G to probe matter: CCI (See 'Legal Desk') Kamarajar Port becomes India's Second Major Port with 18-Metre Draft Capability (See 'Corp Brief') Large-Scale Infrastructure Expansion opens up Opportunities for Budding Engineers (See 'Corp Brief') CCI okays merger of 51 Malabar Group's companies into Malabar Gold and Diamonds Ltd (See 'Corp Brief') IBC - Delayed creation of security cannot be treated as transaction in normal course of business: NCLAT (See 'Legal Desk') CCI approves acquisition of equity in Sorting Hat Technologies and merger into upGrad Education (See 'Corp Brief') Atal Innovation Mission Strengthens Eastern India Innovation Ecosystem (See 'Corp Brief') Giriraj Singh to inaugurate 'Indie Haat 2026' (See 'Corp Brief') IBC - Rent Tribunal lacks jurisdiction in cases involving entities undergoing CIRP, per Sections 60(5)(c) & 238 of IBC, which confer exclusive jurisdiction upon the Adjudicating Authority in CIRP matters: NCLT (See 'Legal Desk') Labour Ministry translates objectives of Labour Codes to provide timely relief to workers (See 'Corp Brief') Trade Marks - Mark KREOFLAT is distinctively similar to existing mark of PANKREOFLAT where former copies essential & distinctive features of latter, thereby making the former visually, phonetically & deceptively similar: HC (See 'Legal Desk') CAQM reports 62 air pollution violations across NCR in 17 days; proposes closure of four units (See 'Corp Brief') Utsav & Chintan Shivir 2026 to focus on institutional reforms for a technology-driven, and citizen-centric legal ecosystem (See 'Corp Brief') Sukesh Chandrashekhar con saga - co-accused gets bail - stringent conditions of Section 45 of PMLA can be relaxed for women, more so considering extraordinary circumstances: HC (See 'Legal Desk') Govt raises onion procurement price by 13% to Rs.2,125 per quintal (See 'Corp Brief') India's last 12 years have been a progression from shortages to building Viksit Bharat: RM (See 'Corp Brief') SARFAESI - Writ jurisdiction under Article 226 should ordinarily not be exercised where efficacious alternative remedy exists, particularly in matters arising under the SARFAESI Act: HC (See 'Legal Desk') India's youth will power AI, robotics with Made in India chips: PM (See 'Corp Brief') Competition Act - Allegations relating to use of private vehicles without commercial permits, non-compliance with Motor Vehicles Act, opaque GST & STA tax practices, & related issues fall outside scope of Competition Act: CCI (See 'Legal Desk') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT')

Print

Cabinet approves PLI schemes for solar PV, white goods worth Rs 10,738 cr

Published: Apr 07, 2021

By TIOLCORPLAWS News Service

NEW DELHI, APR 7, 2021: THE Cabinet on Wednesday approved two Production Linked Incentive (PLI) schemes for white goods and high-efficiency solar Photovoltaic (PV) cells, as part of the umbrella PLI policy for 13 sectors, of which nine have been approved.

The PLI scheme for high-efficiency solar panels will have an outlay of Rs. 4,500 crore to help India add capacity of 10,000 MW. It is expected to bring direct investment of around Rs. 17,200 crore, while generating 30,000 direct and 1.2 lakh indirect jobs in the sector. The government expects to save Rs. 17,500 crore by import substitution annually.

The scheme will be linked to the efficiency of the solar PV module, and sourcing of material from the domestic market.

The Cabinet also approved an outlay of Rs. 6,238 crore for white goods such as LED light and air conditioner, incentivising domestic production.

Incentives of 4-6 per cent will be extended on incremental sales of goods manufactured in India for a period of five years. The incentives shall be open to companies making brown field or green field investments.

The scheme is expected to be instrumental in achieving growth rates that are much higher than existing ones for the AC and LED industries, develop complete component eco-systems in India and create global champions manufacturing in India.

It is estimated that over the period of five years, the PLI Scheme will lead to incremental investment of Rs. 7,920 crore, incremental production worth Rs. 1.68 lakh crore, exports worth Rs. 64,400 crore, earn direct and indirect revenues of Rs. 49,300 crore and create 4 lakh direct and indirect employment opportunities.

The government had announced the PLI schemes for 13 sectors with an outlay of Rs. 1.97 lakh crore in Budget 2021-22, to create national manufacturing champions and generate employment.

India will see minimum production of over USD 500 billion in five years as a result of the scheme.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.