Earlier within the day, the Union Cupboard authorised the scheme with a budgetary outlay of Rs 6,238 crore.
The prime goal of the scheme is to make manufacturing in India globally aggressive by eradicating sectoral disabilities, creating economies of scale and making certain efficiencies.
“The Manufacturing Linked Incentive Scheme for White Items (Air Conditioners and LED Lights) is yet one more initiative that may strengthen the motion to create an Aatmanirbhar Bharat,” Modi wrote on Twitter.
The Manufacturing Linked Incentive Scheme for White Items (Air Conditioners and LED Lights) is yet one more initiative… https://t.co/Xc4Ucjqupd
— Narendra Modi (@narendramodi) 1617809880000
In one other tweet, he stated the Cupboard’s nod to a Rs 4,500-crore production-linked incentive (PLI) scheme to spice up the home manufacturing capability of photo voltaic PV modules will increase capacities within the all-important photo voltaic sector and make India a hub of renewable power.