NEW DELHI: The Cabinet on Wednesday approved a production-linked incentive (PLI) of Rs Rs 19,500 crore for high-efficiency solar module manufacturing, a move the government said will substitute imports worth Rs 1.4 lakh crore a year and create 9,75,000 direct and indirect jobs, the government said.
This is the second tranche of incentives under the PLI scheme for solar manufacturing, announced in the 2022-23 Budget.
The government reckons the scheme would lead to direct investment of Rs 94,000 crore and facilitate building of 65,000 MW per annum manufacturing capacity of fully and partially integrated solar PV modules.
