Air conditioners manufacturers commit to export target of 50% of sales

As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.

The Refrigeration and Air-conditioning Manufacturers Association of India (RAMA) has committed to the government an export target of 50 per cent of its sales of over Rs 1 trillion in the next five years (from Rs 16,000 crore currently) from air conditioners (ACs).

It has also said that the segment may increase domestic value addition in room ACs to 75 per cent, from the current 25 per cent.

The industry’s commitment to the NITI Aayog and the Department for Promotion of Industry and Internal Trade comes in the wake of the government’s announcement last November of a production-linked incentive (PLI) scheme for