Investments worth USD 7.2 billion will be required in the next three to four years to promote integrated manufacturing of solar modules in India, a report said on Thursday.
The push to improve local manufacturing could help domestic module manufacturers clock USD 30 billion (Rs 2.3 lakh crore) in revenues by 2030 from selling 150 GW at Rs 15/Wp (Watt peak) and generate employment opportunity for around 41,000 workers, according to the report released by CEEW Centre for Energy Finance (CEEW-CEF).
“India’s push to indigenise the solar manufacturing value chain would require capex investments worth USD 7.2 billion (Rs 53,773 crore) over the next three to four years,” it said.
