The cabinet on Wednesday approved ₹10,738 crore production-linked incentive (PLI) schemes for solar modules and white goods as part of the overall ₹1.97 lakh crore PLI series under the government’s plan to make India a global manufacturing hub.
While ₹4,500 crore was allocated for manufacturing of high-efficiency solar modules, a ₹6,238 crore outlay was approved for white goods — air conditioners and LED lights. The Union budget on February 1 committed ₹1.97 lakh crore under PLI schemes for 13 key sectors.
The PLI series is an effort of the Narendra Modi government to synergise India’s resources to make it an international manufacturing destination and an important part of the global supply chain, commerce and industry minister Piyush Goyal said after the cabinet meeting.
