Cabinet approves second tranche of PLI Scheme for solar manufacturing


The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal to implement the second tranche of the production-linked incentive scheme for gigawatt-scale manufacturing of high-efficiency solar PV modules. The second tranche has a budgetary outlay of INR 19,500 crore (around $2.43 billion). 

The additional allocation will help more willing manufacturers, thus paving the way for making India a solar panel manufacturing hub and exporting nation.

“Solar PV manufacturers will be selected through a transparent selection process. PLI will be disbursed for five years post commissioning of solar PV manufacturing plants on sales of high-efficiency solar PV modules,” stated a government release.

The PLI scheme is expected to drive setting up of 65 GW per annum solar module manufacturing capacity, fully and partially integrated. This will bring a direct investment of around INR 94,000 crore.


This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: