Cabinet clears Rs 4,500 cr PLI scheme to boost solar PV modules manufacturing
The Union Cabinet on Wednesday approved a Rs 4,500 crore production-linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules.
The PLI scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore.
The PLI scheme is likely to create direct employment of around 30,000 and indirect employment of 1.2 lakh, according to the government.
The Cabinet, headed by Prime Minister Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the PLI scheme ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules’ for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs 4,500 crore, an official statement said.
