43% of new applicants in 3rd round of white goods PLI scheme are MSMEs: Commerce Ministry

The Financial Express reports that 43% of new applicants in the third round of the Production Linked Incentive (PLI) scheme for white goods are MSMEs, according to the Commerce Ministry. The PLI scheme aims to boost domestic manufacturing and attract investments in the white goods sector, including air conditioners and LED lights. The high participation rate of MSMEs indicates their growing interest in leveraging government incentives to expand their operations and enhance their competitiveness. This development highlights the importance of MSMEs in driving economic growth and the effectiveness of the PLI scheme in promoting industrial development.