The government on Wednesday approved a production-linked incentive scheme for the air-conditioner and LED light sectors with an outlay of ₹ 6,238 crore.
The proposal was approved in the meeting of the Union Cabinet, which was chaired by Prime Minister Narendra Modi.
Commerce and Industry Minister Piyush Goyal said that the approval of the plan for AC and LED will give a boost to domestic manufacturing.
The production-linked incentive scheme aims to promote domestic manufacturing in the country.
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