The Budget proposal to allocate Rs 24,000 crore under the PLI scheme to the solar industry for manufacturing solar cells and modules can lead to setting up of 30-35 gigawatts (GW) of the solar module capacity and 25-30 GW of the cell capacity by 2024, industry experts have said.
While presenting the Union Budget 2022-23, Finance Minister Nirmala Sitharaman has proposed to enhance the funding under the production-linked incentives (PLI) scheme for solar cell and module manufacturing to Rs 24,000 crore, from Rs 4,500 crore earlier.
