Technology

Cabinet Approves Rs. 4,500-Crore PLI Scheme to Boost Solar PV Modules Manufacturing

The union cupboard on Wednesday accredited a manufacturing linked incentive (PLI) scheme with an outlay of Rs 4,500 crore to add 10,000MW capability of built-in photo voltaic PV modules manufacturing crops.

Commerce and Industry Minister Piyush Goyal, whereas addressing a press convention mentioned, “The union cupboard chaired by Prime Minister Narendra Modi has accredited high-frequency photo voltaic PV modules.”

The authorities mentioned that this choice would add 10,000 MW capability of built-in photo voltaic PV manufacturing crops and produce a direct funding of round Rs. 17,200 crores in photo voltaic PV manufacturing. The PLI scheme is probably going to create direct employment of round 30,000 and oblique employment of 1.2 lakh.

Solar capability addition presently relies upon largely upon imported photo voltaic PV cells and modules because the home manufacturing trade has restricted operational capacities of photo voltaic PV cells and modules, as per a authorities launch.

The National Programme on High-Efficiency Solar PV Modules will cut back import dependence in a strategic sector like electrical energy. It may even help the Atmanirbhar Bharat initiative.

Solar PV producers shall be chosen by means of a clear aggressive bidding course of. PLI shall be disbursed for 5 years put up commissioning of photo voltaic PV manufacturing crops, on gross sales of high-efficiency photo voltaic PV modules.

With this scheme, producers shall be rewarded for increased efficiencies of photo voltaic PV modules and likewise for sourcing their materials from the home market. Thus, the PLI quantity will enhance with elevated module effectivity and elevated native worth addition, the discharge said.


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