Solar PLI scheme seen to generate Rs 94,000 cr investments
The Cabinet on Wednesday approved a Rs 19,500-crore production linked incentive (PLI) scheme for the solar sector, with an aim to promote domestic manufacturing of high-efficiency solar photovoltaic (PV) cells and modules. The scheme is expected to generate investments to the tune of Rs 94,000 crore in the high-growth sector, and cut import dependence for these products in a big way.
The scheme is also in keeping with India’s commitment to reduce carbon intensity of its energy sector and the economy as a whole.
