Cabinet approves Rs 19,500 crore PLI Scheme on Solar PV Modules

ew Delhi: The Union Cabinet on Wednesday approved a proposal for implementation of the Production Linked Incentive Scheme on National program on High Efficiency Solar PV Modules, with an outlay of Rs 19,500 crore for achieving manufacturing capacity of Giga Watt (GW) scale in High Efficiency Solar PV Modules.
Briefing on the decision, Union Minister Anurag Thakur said that the national program on High Efficiency Solar PV Modules aims to build an ecosystem for manufacturing of high efficiency solar PV modules in India, and thus reduce import dependence in the area of Renewable Energy.
It will strengthen the AtamNirbhar Bharat initiative and generate employment, he added.
Solar PV manufacturers will be selected through a transparent selection process.
PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants on sales of high efficiency solar PV modules from the domestic market will be incentivized.
It is estimated that about 65,000 MW per annum manufacturing capacity of fully and partially integrated, solar PV modules would be installed, a Cabinet release said.
The scheme will also bring direct investment of around Rs 94,000 crore. It would provide direct employment of about 1,95,000 and indirect employment of around 7,80,000 persons, the release added. (UNI)