The Union Cabinet approved two production-linked incentive schemes for white goods (air-conditioners and LED lights) and high-efficiency solar photovoltaic modules.
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Solar PV manufacturers will be selected through a transparent competitive bidding process.
PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules.
The outcomes/ benefits expected from the scheme are as follows:
- Additional 10,000 MW capacity of integrated solar PV manufacturing plants,
- Direct investment of around Rs.17,200 crore in solar PV manufacturing projects
- Demand of Rs.17,500 crore over 5 years for ‘Balance of Materials’,
- Direct employment of about 30,000 and Indirect employment of about1,20,000 persons,
- Import substitution of around Rs.17,500 crore every year, and
- Impetus to Research & Development to achieve higher efficiency in solar PV modules.
