Boost to Aatmnirbhar Bharat: Cabinet approves ₹ 4,500 cr PLI scheme for solar PV
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New Delhi, April 08: With an aim to make India Aatmnirbhar, the Union Cabinet gave its approval for implementation of the ₹ 4,500 cr, Production Linked Incentive (PLI) Scheme 'National Programme on High-Efficiency Solar PV (Photovoltaic) Module. This PIL will boost the domestic manufacturing capacity of solar PV modules.
The scheme aims to achieve the manufacturing capacity of the Giga Watt (GW) scale in high-efficiency solar PV modules. This scheme is estimated to create an additional 10,000 MW capacity of integrated solar PV manufacturing plants with an investment of around Rs.17,200 crore.
According to the government, the PLI scheme is likely to create direct employment of around 30,000 and indirect employment of 1.2 lakh. The National Programme on High-Efficiency Solar PV Modules will reduce import dependence in a strategic sector like electricity.
Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational capacities of solar PV cells and modules.
Under the scheme, PLI will be disbursed for five years post commissioning of solar PV manufacturing plants, on sales of high-efficiency solar PV modules. Manufacturers will be rewarded for higher efficiencies of solar PV modules and also for sourcing their material from the domestic market. Thus, the PLI amount will increase with increased module efficiency and increased local value addition.