Govt to invite bids for solar PLI in two weeks
The government is expected to invite bids for the production-linked incentive (PLI) scheme for solar module manufacturing in the next two weeks and beneficiaries will be identified in July, a senior government official said. To reduce the country’s import dependency, the Union Cabinet on Wednesday approved the `4,500 crore solar PLI scheme which is seen to boost the domestic manufacturing capacity.
Speaking at a session on domestic manufacturing in an online summit organised by Mercom India, Amitesh Kumar Sinha, joint secretary at the Union ministry of new and renewable energy (MNRE), said on Thursday that the beneficiaries of the PLI scheme will be selected through competitive bidding and the evaluation of the bids will be done on the basis of manufacturing capacity proposed to be set up by companies and the extent of elementary products required for manufacturing solar panels they promise to make in the country.
