Cabinet okays ₹19.5k crore more for solar module PLI
The Cabinet approved an additional ₹19,500 crore funding on Wednesday for the production-linked incentive (PLI) scheme for manufacture of high-efficiency solar modules. The government expects this cash support to catalyse investment worth ₹94,000 crore in a sector that’s highly dependent on imports, creating domestic capacity of about 65 GW of fully and partially integrated solar photovoltaic modules.
The Cabinet also cleared the National Logistics Policy and approved changes to enhance the incentive structure for manufacture of semiconductors, display fabs and compound semiconductors.
