The Indian government has introduced stricter regulations for companies availing the Production Linked Incentive (PLI) scheme for white goods. The revised rules include a new formula for calculating production value for captive use, sales to group companies, and related parties.
Additionally, the Project Management Agency will now verify incentive claims, and the administrative ministry will have the authority to visit manufacturing sites of beneficiaries. These changes come after a dispute with Samsung over incentive claims, which has now been resolved. The PLI scheme covers 14 sectors, offering incentives ranging from 4-6% on white goods such as Air Conditioners and LEDs. The deadline for filing claims has been extended to January 15 of the following year, providing more time for companies to meet requirements.