Cabinet Approve PLI scheme for solar power modules of Rs 19,500 crore allocated; I&B Minister Anurag Thakur
The Cabinet today approved production linked incentive scheme on ‘National programme on High-Efficiency Solar PV Modules’ for achieving manufacturing capacity of Giga Watt scale in High-Efficiency Solar PV Modules.
Briefing media in New Delhi, Information and Broadcasting Minister Anurag Singh Thakur said, there will be an outlay of 19 thousand 500 crore rupees for achieving manufacturing capacity of Giga Watt scale. He said, the aim is to build an ecosystem for manufacturing high-efficiency solar PV modules. Mr. Thakur said, Solar PV manufacturers are to be selected through transparent selection process. He said, about 65 thousand Mega Watt per annum manufacturing capacity of fully and partially integrated solar PV modules will be installed. The Minister said, there will be a direct investment of around 94 thousand crore rupees.
Cabinet today also approved modifications in Programme for Development of Semiconductors and Display Manufacturing Ecosystem. Mr. Thakur said, there will be 50 percent incentives for semiconductor fabs across technology nodes as well as for compound semiconductors, packaging, and other semiconductor facilities.