Production-linked sops to be extended to solar PV makers

India is preparing to offer incentives to producers of high-efficiency solar photovoltaic (PV) modules and battery storage as part of moves to attract global firms that are planning to shift manufacturing out of China, said a person aware of the development.

The move will help global manufacturing companies that are exploring a China plus one strategy for production.

While a package for ₹18,000 crore is in the works for battery storage manufacturing over the next six years, the government is also looking at a similar ₹4,500 crore scheme to attract solar PV makers.