The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Production Linked Incentive (PLI) scheme solar PV modules with an outlay of Rs 19,500 crore for achieving a manufacturing capacity of Giga Watt (GW) scale in High-Efficiency Solar PV Modules.
\nThe cabinet approved the Ministry of New & Renewable Energy\u2019s proposal for the implementation of the Production Linked Incentive Scheme (Tranche II) on the \u2018National programme on High-Efficiency Solar PV Modules\u2019, with an outlay of Rs.19,500 crore for achieving the manufacturing capacity of Giga Watt (GW) scale in High-Efficiency Solar PV Modules, according to an official statement released after the cabinet meeting.
\nThe national programme 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, it said.
\nSolar 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 incentivised.
\nIt is estimated that about 65,000 MW per annum manufacturing capacity of fully and partially integrated, solar PV modules would be installed.
\nThe scheme will bring a direct investment of around Rs 94,000 crore, according to a statement released by the Ministry of New and Renewable Energy.
\nThe scheme will lead to the creation of manufacturing capacity for the Balance of Materials like EVA, Solar glass, Backsheet, etc.
\nIt is estimated to provide direct employment of about 1,95,000 and indirect employment of around 7,80,000 persons.
\nThe scheme will lead to import substitution of approximately Rs 1.37 lakh crore. It will give impetus to Research and Development to achieve higher efficiencies in Solar PV Modules, the ministry said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Production Linked Incentive (PLI) scheme solar PV modules with an outlay of Rs 19,500 crore for achieving a manufacturing capacity of Giga Watt (GW) scale in High-Efficiency Solar PV Modules. The cabinet approved the Ministry of New & Renewable Energy\u2019s proposal for […]<\/p>\n","protected":false},"author":5,"featured_media":927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,13,14],"tags":[],"class_list":["post-926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest-news","category-national"],"_links":{"self":[{"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/posts\/926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=926"}],"version-history":[{"count":1,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/posts\/926\/revisions"}],"predecessor-version":[{"id":928,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/posts\/926\/revisions\/928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=\/wp\/v2\/media\/927"}],"wp:attachment":[{"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jammukashmirhighlights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}