Government Reopens PLI Application Window for RAC Components
2022-05-20
The Indian Ministry of Commerce announced on March 8 that it is reopening the application window for its PLI scheme for room air conditioner (RAC) components from March 10 to April 25. The government had approved the PLI for such components in April 2021 as part of its ‘Make in India’ push. The scheme is to be implemented over a seven-year period from fiscal year (FY) 2022 to FY 2029 with an outlay of INR 62.38 billion (about US$ 816 million).
