"We expect around 15-20 percent growth (in value terms) in the AC market this year in comparison to 2019, "Godrej Appliances Business Head Kamal Nandi said.
The application window for the scheme has been opened till March 31 which may be further extended, as per guidelines issued by the Ministry of Electronics and IT (Meity).
Production-linked incentive (PLI) scheme for telecom gear manufacturing in India is a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs.