Image Source: Sakshi Education
Calcom Vision Ltd has raised a substantial investment commitment to ₹250 million, after the Department for Promotion of Industry and Internal Trade (DPIIT) gave the company an elevation under the Production Linked Incentive (PLI) scheme for white goods. The calculated maneuver is poised to speed up Calcom Vision's expansion in India's thriving electronics manufacturing industry, specifically in LED lighting components.
Highlights:
Raised Investment Commitment
Calcom Vision has increased its overall investment under the PLI program to ₹250 million, demonstrating its belief in the government incentives for manufacturing and its plans to expand production capacity and automation for LED drivers, modules, engines, and associated components.
PLI Scheme Upgrade:
DPIIT sanction of a higher PLI investment category places Calcom Vision in the league of a few companies that are eligible for increased incentives for brownfield and greenfield expansions. The upgrading will enhance domestic value addition and decrease import dependence for key LED components.
Strategic Expansion & Innovation:
The firm is utilizing the PLI program to broaden its product basket, venture into high-growth segments such as IoT-enabled lighting and EV charging infrastructure, and push backward integration with new extrusion facilities and automation for low-wattage bulbs.
Sustainability & Market Reach:
Calcom Vision's emphasis on energy-efficient products and solar-powered solutions is in sync with national ambitions for sustainability and "Make in India." The company is also expanding exports and attending international trade shows to further build its global footprint.
Financial & Market Performance:
With quarter-to-quarter revenue expansion and agressive capex, Calcom Vision is headed for strong future sales and profitability, complemented once again by its PLI-supported expansion and drive for innovation.
Sources: PIB, IPF Online, Economic Times, ReportJunction, India-Briefing
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