Panasonic India seeks separate PLI for compressors, motors, pcb boost

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The story "Panasonic India seeks separate PLI for compressors, motors, pcb boost" was covered 13 hours ago by Business Standard, a news publisher based in India.

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Panasonic India seeks separate PLI for compressors, motors, pcb boost - Business Standard

Quick Summary:

On the government's recent PLI scheme for passive or non-semiconductor electronics components, Sharma, the Chairman of Panasonic Life Solutions India, said it will encourage the industry and boost its competitiveness in the global markets.

A separate production-linked incentive (PLI) for the air conditioner segment, focusing on high-value components like compressors and motors, is the need of the hour, Panasonic India head Manish Sharma said, echoing the demand of the industry.

On March 28, the government approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore.