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The government has reopened the application window for the PLI scheme for white goods (ACs and LED Lights) till November 10, according to an official statement released on Friday. The application window for round four, originally open from September 15 to October 14, has been extended in view of the strong industry response and increasing investment appetite under the Scheme. The PLI scheme for White Goods, launched in April 2021 with a total outlay of Rs 6,238 crore, aims to boost domestic manufacturing, promote component localization, and strengthen India's global competitiveness in the air conditioner and LED lighting sectors. "The Department for Promotion of Industry and Internal Trade (DPIIT) has extended the application window for Round 4 of the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) till 10th November 2025," it said. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29.
Samsung India on Thursday said it experienced "strong growth" in the appliances business during the nine-day-long auspicious Navratri period, supported by recent GST reforms by the government and promotional offers. The sales of premium televisions jumped two-fold, as compared to the corresponding festive period last year, according to a statement issued by the country's leading appliances & consumer electronics maker. Additionally, it has also reported growth in its room air conditioner sales. Growth in sales of air conditioners and TVs was aided by the recent GST reforms by the government, which saw a substantial drop in taxation rates, leading to price reductions across consumer goods and appliances, such as TVs (above 32-inch screen size), air conditioners, and dishwashers. "Samsung's appliances business saw strong growth during the first leg of the festive season (September 22 to October 2) on account of attractive deals that included cashback offers, easy finance and ...