Voltas among 18 companies selected in PLI scheme

NEW DELHI: As many as 18 companies, including Voltas, MIRC Electronics, Lumax and UNO Minda, with a committed investment of Rs 2,299 crore, have been selected to avail benefits under the production-linked incentive scheme for white goods sector, an official said on Monday.

In Oct 2024, 38 companies had filed applications with proposed investments of Rs 4,121 crore under the scheme in the third round. According to the ministry, Voltas Components has committed to invest Rs 257 crore to manufacture compressors. With Rs 51.5-crore investment, MIRC Electronics has proposed to make AC products like motors.