https://mnre.gov.in/policies-and-regulations/schemes-and-guidelines/schemes/
Government approves Production Linked Incentive Scheme (Tranche II) under National Programme on High efficiency Solar PV modules. Production linked Incentive (PLI) Scheme High Efficient Solar PV Modules will boost manufacturing in the country.
Introduction to PLI Scheme
The government has allocated a total capacity of 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies. PLI Scheme High Efficiency Solar PV Modules is very important for Indian economy.
The total outlay of Rs 14,007 crores under the production linked incentive (PLI) scheme for high efficiency solar PV modules tranche-II.
Description
As per government, 7400 MW of manufacturing capacity will become operational by October 2024.
Next 16,800 MW capacity by April 2025 and balance 15,400 MW capacity by April 2026.
It added that tranche-II is expected to bring in an investment of Rs 93,041 crore.
The Tranche-II will bring in an investment of Rs. 93,041 crore and this will also generate a total of 1,01,487 jobs. The list of the companies is at Annexure – A.
Union Minister for Power & NRE said that India was well on its way to climb up the value chain in production of the high technology Solar PV Modules.
This capacity addition is a major step towards making India Aatmanirbhar in solar manufacturing sector.
The PLI Scheme has proved to be a watershed event in India’s Renewable landscape resulting in around 48 GW domestic module manufacturing capacity within next 3 years.
Scheme has boosted Government’s efforts to reduce not only the impact of global supply chain shocks but also our import dependence.
A total integrated capacity of 8737 MW allocated under Tranche-I of the Scheme, in November-December, 2022.
The total domestic solar PV module manufacturing capacity allocated under the PLI Scheme is 48,337 MW, with a cumulative support of more than Rs. 18,500 Crore by the Government.
