Air Conditioner

The government has approved the production-linked incentive (PLI) scheme worth Rs 6,238 crore for air conditioners, LED lights sectors on April 7. Reportedly, the companies engaged in the manufacturing of ACs and LED lights will benefit by 4-6% increment on sales of goods manufactured in India for five years. The nationwide scheme will increase domestic manufacturing, said the Commerce and Industry Minister Piyush Goyal.

Directorate General of Foreign Trade (DGFT) on October 15 moved Air Conditioners with refrigerants to the "prohibited" list. Accordingly, the import of such air conditioners into the country will be banned. Reportedly, the decision was taken to encourage domestic manufacturing and also decrease the import bills on non-essential goods. Earlier, the government had banned the import of tyres and TV sets with the same intent.