“Vikram Solar welcomes the MNRE’s latest guidelines for the production-linked incentive (PLI) scheme, which is a great and decisive step towards making India “Aatmanirbhar”. As a domestic solar manufacturer we have high hopes from the PLI scheme as it promises to promote solar manufacturing in the country. This would solve the energy crisis, create jobs, increase investment, and bring technological innovation in the sector. It would also help India to achieve the Renewable Energy target set at the Paris Agreement well within the timeline.
The PLI scheme for solar sector has an allotment Rs 4,500 crore and beneficiaries would be selected through a transparent bidding process. Under this scheme manufacturers will be rewarded for higher efficiencies of solar PV modules and also for sourcing their material from the domestic market. This will attract more investment for Indian solar industry and I hope the government will provide a second tranche of PLI for solar manufacturers, thus creating a need to develop a complete ecosystem for the solar sector in India. The announcement of providing PLI will jump-start the next phase of the Indian manufacturing story for good!”
Gyanesh Chaudhary was expressing his views on the Production Linked Incentive (PLI) Scheme for solar equipment, which recently received Presidential consent. (Read more)
