The National Programme on High-Efficiency Solar PV Modules has recently received approval from the Union Cabinet to implement the Production Linked Incentive Scheme (Tranche II) with an outlay of Rs. 19,500 crore in order to achieve Giga Watt (GW) scale manufacturing capacity in High-Efficiency Solar PV Modules. The initiative intends to create a manufacturing ecosystem for high-efficiency solar PV modules in India, hence reducing reliance on imports in the renewable energy sector. It will increase employment and support the Atamnirbhar Bharat initiative. Manufacturers of solar PV systems will be chosen via a transparent selection procedure. PLI will be disbursed for five years on sales of high-efficiency solar PV modules following the commissioning of solar PV manufacturing facilities.
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Note: The above-mentioned news was first published by us in our ProjectX India | 1st October 2022 edition.
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