Kirloskar Pneumatic Company Ltd has been provisionally selected under the Government of India’s Production-Linked Incentive (PLI) scheme for white goods. This recognition positions the company to benefit from incentives aimed at boosting domestic manufacturing, enhancing competitiveness, and supporting India’s vision of self-reliance in critical industrial and consumer goods sectors.
The Government of India has announced that Kirloskar Pneumatic Company Ltd has been provisionally selected in the latest round of the Production-Linked Incentive (PLI) scheme for white goods. This scheme, designed to strengthen domestic manufacturing and reduce import dependence, offers financial incentives to companies that meet production and investment targets.
Kirloskar Pneumatic’s inclusion highlights its growing role in India’s industrial ecosystem and underscores the government’s commitment to supporting established players in scaling operations and innovating within the white goods sector.
Key Highlights:
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Provisional Selection: Kirloskar Pneumatic chosen under the PLI scheme for white goods.
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Policy Objective: Scheme aims to boost domestic manufacturing, reduce imports, and promote self-reliance.
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Strategic Advantage: Access to incentives will strengthen competitiveness and support expansion.
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Sectoral Impact: White goods industry to benefit from enhanced innovation and supply chain resilience.
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National Vision: Aligns with India’s broader “Make in India” and Atmanirbhar Bharat initiatives.
This development marks a significant milestone for Kirloskar Pneumatic, potentially unlocking new growth opportunities while contributing to India’s industrial transformation.
Sources: Government of India press release; Economic Times; Business Standard