India’s air conditioning (AC) and light-emitting diode (LED) markets are on the brink of exponential growth, driven by increased demand and innovative government initiatives. To delve into this exciting opportunity, Invest India is hosting an insightful webinar: “India’s AC and LED Opportunity & the Production Linked Incentive (PLI) for White Goods.”
Why Attend?
Understanding Market Dynamics
India’s AC market is experiencing unprecedented demand due to rising incomes and more frequent extreme weather conditions. Despite being valued at over USD 4 billion, household penetration stands at just 7%, significantly lower than the global average. This gap presents a huge growth potential, with expectations for household AC ownership to increase nine-fold by 2050.
Similarly, the LED market has undergone a significant transformation thanks to the successful UJALA Scheme. LEDs now dominate more than 75% of the market, replacing older, less efficient technologies and offering better safety and energy efficiency.
Exploring the PLI for White Goods
Launched in 2021, the PLI scheme aims to boost domestic production of white goods, including ACs and LEDs. The first two rounds of the PLI saw 66 applicants investing in both greenfield and brownfield projects. Responding to the industry’s enthusiasm, the scheme has reopened for a third round of applications from July 15th, 2024, to October 12th, 2024.
Webinar Details
Date: August 5th, 2024
Time: 10:30 AM – 11:30 AM IST
Platform: Cisco Webex
Registration Link: Click Here to Register
Agenda
- 10:30 – 10:32 AM: Introduction & Context-Setting by Ms. Neelashi Shukla, AVP, Invest India
- 10:32 – 10:37 AM: Welcome Remarks by Mr. Vinod Subramanian, VP, Invest India
- 10:37 – 10:40 AM: Special Address by Sh. Ashish Kumar, Senior Consultant, DPIIT
- 10:40 – 10:55 AM: Segment 1: India’s Consumer Electronics, AC & LED Market, and Manufacturing Overview by Ms. Neelashi Shukla, AVP, Invest India
- 10:55 – 11:10 AM: Segment 2: The PLI for White Goods (ACs and LEDs) Round 3 by Mr. Akshat Gautam, Manager, Invest India
- 11:10 – 11:25 AM: Q&A Session with Invest India & DPIIT, moderated by Invest India
- 11:25 – 11:30 AM: Closing Remarks by Ms. Neelashi Shukla, AVP, Invest India
Join Us!
This webinar is a must-attend for stakeholders in the consumer electronics industry, potential investors, and anyone interested in understanding the future of India’s AC and LED markets. Gain valuable insights, engage with experts, and explore how the PLI scheme can benefit your business.
Don’t miss out on this opportunity to be at the forefront of India’s consumer electronics revolution. Register now and mark your calendars for an hour of knowledge, networking, and opportunity!
For more details and to register, visit Invest India Webinar Registration.
We look forward to your participation!