Godrej Appliances to Increase Indigenization and Backward Integration

Godrej Appliances, a unit of Godrej and Boyce, expects the indigenization ratio of components for products such as room air conditioners (RACs) to go up to 75% in three to five years, with an increase in the local value addition. This would be helped by the production linked incentive (PLI) scheme of the government to encourage manufacturers to invest and create a components ecosystem in the country. The company is also expecting around 15% increase in sales value this year.