Cabinet approves the Production Linked Incentive Scheme
POWER & RENEWABLE ENERGY

Cabinet approves the Production Linked Incentive Scheme

The Cabinet, chaired by Prime Minister, Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for the implementation of the Production Linked Incentive Scheme (Tranche II) on the ‘National programme on High-Efficiency Solar PV Modules’, with an outlay of Rs.195 billion for achieving manufacturing capacity of Giga Watt (GW) scale in the High-Efficiency Solar PV Modules.

The national programme on High-Efficiency Solar PV Modules aims to build an ecosystem for manufacturing high-efficiency solar PV modules in India, and thus reduce import dependence in the area of Renewable Energy. It will strengthen the Atmanirbhar Bharat initiative and generate employment. Solar 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.

The Cabinet, chaired by Prime Minister, Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for the implementation of the Production Linked Incentive Scheme (Tranche II) on the ‘National programme on High-Efficiency Solar PV Modules’, with an outlay of Rs.195 billion for achieving manufacturing capacity of Giga Watt (GW) scale in the High-Efficiency Solar PV Modules. The national programme on High-Efficiency Solar PV Modules aims to build an ecosystem for manufacturing high-efficiency solar PV modules in India, and thus reduce import dependence in the area of Renewable Energy. It will strengthen the Atmanirbhar Bharat initiative and generate employment. Solar 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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code