PLI scheme for solar PV to attract Rs 14k cr investment
POWER & RENEWABLE ENERGY

PLI scheme for solar PV to attract Rs 14k cr investment

The production-linked incentive (PLI) scheme for high efficiency solar photovoltaic (PV) modules will lead to investments of over Rs 14,000 crore to create a manufacturing capacity of 10,000 MW. As per the PLI outlay, the government will commit to invest Rs 4,500 crore with an intention to boost domestic manufacturing and help enhance demand in such components as EVA, solar glass, backsheet, and junction boxes.

Addressing a webinar on Budget announcements, Prime Minister Narendra Modi said there is a need for reforms that can enable better last-mile connectivity that, in turn, will unlock better reach in installations.

The performance linked incentive (PLI) scheme was introduced by the central government in March last year to boost domestic manufacturing and cut down on import bills. The scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to India, the scheme also aims to encourage local companies to set up or expand existing manufacturing units.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The government is currently looking at a solution for problems related to the financial health of the distribution companies. The Centre is ready to reduce barriers and free the segment from licenses.

Prime Minister Narendra Modi said on Thursday that a policy and a regulatory framework related to distribution companies (discoms) are in the works.

Modi said the Centre is currently looking for solutions to address problems related to electricity supply and the distribution network throughout the country.

During the Budget 2021 session, Finance minister Nirmala Sitharaman had announced that a framework would be put in place to give electricity consumers alternatives to choose from among more than one distribution company. As we have reported, a boost to the PLIs has been in the works for the solar industry with Atmanirbhar.

Image: In November, the government set aside an outlay of Rs 4,500 crore under the PLI scheme for the solar industry.


Also read: A whole new chapter in public funding

Also read: Moving out of China? India among best alternatives

The production-linked incentive (PLI) scheme for high efficiency solar photovoltaic (PV) modules will lead to investments of over Rs 14,000 crore to create a manufacturing capacity of 10,000 MW. As per the PLI outlay, the government will commit to invest Rs 4,500 crore with an intention to boost domestic manufacturing and help enhance demand in such components as EVA, solar glass, backsheet, and junction boxes. Addressing a webinar on Budget announcements, Prime Minister Narendra Modi said there is a need for reforms that can enable better last-mile connectivity that, in turn, will unlock better reach in installations. The performance linked incentive (PLI) scheme was introduced by the central government in March last year to boost domestic manufacturing and cut down on import bills. The scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to India, the scheme also aims to encourage local companies to set up or expand existing manufacturing units.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info The government is currently looking at a solution for problems related to the financial health of the distribution companies. The Centre is ready to reduce barriers and free the segment from licenses.Prime Minister Narendra Modi said on Thursday that a policy and a regulatory framework related to distribution companies (discoms) are in the works. Modi said the Centre is currently looking for solutions to address problems related to electricity supply and the distribution network throughout the country. During the Budget 2021 session, Finance minister Nirmala Sitharaman had announced that a framework would be put in place to give electricity consumers alternatives to choose from among more than one distribution company. As we have reported, a boost to the PLIs has been in the works for the solar industry with Atmanirbhar.Image: In November, the government set aside an outlay of Rs 4,500 crore under the PLI scheme for the solar industry. Also read: A whole new chapter in public funding Also read: Moving out of China? India among best alternatives

Next Story
Resources

Rustomjee Builds Model Labour Housing in Thane

In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

Next Story
Real Estate

Young and Old Fuel India’s Housing Boom

India’s housing market is witnessing a surprising surge in interest from two distinct age groups—young professionals and senior citizens. A recent consumer sentiment survey of 1,950 prospective homebuyers reveals that both 18–24-year-olds and those aged 75 and above are showing strong intent to invest in real estate, highlighting a shift in how different generations are approaching property ownership. Young professionals, driven by rising incomes and a long-term view on wealth creation, recorded a Housing Sentiment Index (HSI) score of 164. Respondents from this group indicated they are..

Next Story
Resources

AD Ports’ LNG-Powered Ro-Ro Vessel Sets Sail from Khalifa Port

United Global Ro-Ro, a joint venture between Noatum Maritime (a part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has marked a major milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC), UGR Al Samha, at Khalifa Port. This event signifies a new chapter in sustainable maritime logistics, as the deep-sea vessel will serve as a green link across trade routes spanning the Middle East, Asia, and the Mediterranean. With a cargo capacity of over 7,000 car equivalent units (CEU) across 12 decks, UGR Al Samha has been designed to optimise the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?