New Delhi, January 24, 2026
Five companies, including Indo Asia Copper, Kirloskar Pneumatic, and Godrej & Boyce Manufacturing, have committed to investing ₹863 crore in the manufacturing of air conditioner (AC) components under the government’s Production-Linked Incentive (PLI) scheme, the Ministry of Commerce and Industry said on Friday.
The investment aims to strengthen domestic manufacturing capabilities and reduce import dependence in the fast-growing cooling appliances sector.
🏭 PLI Scheme Incentives Explained
Under the PLI scheme for white goods (ACs and LED lights), selected manufacturers will receive incentives ranging from 6% to 4% on incremental sales over a period of five years, following a base year and an initial gestation period of one year.
The incentive rate will reduce gradually over the scheme period, encouraging sustained production growth and efficiency.
🏢 Five Companies Selected as Beneficiaries
In addition to Indo Asia Copper, Kirloskar Pneumatic, and Godrej & Boyce Manufacturing, the other two provisional beneficiaries are:
Cryon Technology, which has committed an investment of ₹175 crore
Pranav Vikas (India), which will invest ₹50 crore
These companies were selected after an evaluation of 13 applications received in the fourth round of the PLI scheme for AC and LED light components.
📊 Output and Employment Impact
According to the ministry, the five selected companies are expected to generate:
Total production worth ₹8,337 crore
1,799 additional direct jobs by FY 2027–28
The investments will focus on key AC components, helping India build a robust local supply chain amid rising domestic demand for cooling solutions.
🇮🇳 Strengthening India’s Manufacturing Ecosystem
The PLI scheme is a key pillar of India’s broader manufacturing strategy, aimed at boosting competitiveness, attracting private investment, and positioning India as a global manufacturing hub.
Officials said the latest round of investments reflects growing industry confidence in policy support and long-term demand prospects in the consumer durables sector.
