India's Solar PV Manufacturing Expands Significantly
POWER & RENEWABLE ENERGY

India's Solar PV Manufacturing Expands Significantly

India's solar photovoltaic (PV) module manufacturing capacity has seen an impressive increase from 2.3 GW in 2014 to 67 GW in 2024, driven by the government's "Make in India" initiative and key policy interventions. According to the Ministry of Renewable Energy, the capacity jump reflects the government's efforts to make India self-reliant (Atmanirbhar) in solar PV manufacturing and establish it as a global leader in the clean energy value chain. The Production Linked Incentive (PLI) scheme, with an outlay of ?24,000 crore for high-efficiency solar PV modules, has been a significant factor in this growth.

Union Minister for New and Renewable Energy, Pralhad Joshi, highlighted the immense contribution of India's renewable energy sector during the #10YearsOfMakeInIndia celebration. The government has been extending full support through various schemes, including PLI and Viability Gap Funding (VGF), to boost domestic industries and promote green energy solutions.

In addition to the growth in solar PV modules, other renewable energy equipment manufacturing—such as wind turbines, electrolysers for green hydrogen, and battery energy storage systems—has also gained momentum. The solar PV manufacturing sector has surged notably, with production capacity rising from 8 GW in 2021 to 67 GW in 2024.

Currently, over 48 GW of solar PV manufacturing projects are under implementation, expected to attract investments of around ?1.1 lakh crore and generate employment for approximately 45,000 people. These initiatives are vital in meeting domestic demand while positioning India as a key player in the global renewable energy sector.

India's solar photovoltaic (PV) module manufacturing capacity has seen an impressive increase from 2.3 GW in 2014 to 67 GW in 2024, driven by the government's Make in India initiative and key policy interventions. According to the Ministry of Renewable Energy, the capacity jump reflects the government's efforts to make India self-reliant (Atmanirbhar) in solar PV manufacturing and establish it as a global leader in the clean energy value chain. The Production Linked Incentive (PLI) scheme, with an outlay of ?24,000 crore for high-efficiency solar PV modules, has been a significant factor in this growth. Union Minister for New and Renewable Energy, Pralhad Joshi, highlighted the immense contribution of India's renewable energy sector during the #10YearsOfMakeInIndia celebration. The government has been extending full support through various schemes, including PLI and Viability Gap Funding (VGF), to boost domestic industries and promote green energy solutions. In addition to the growth in solar PV modules, other renewable energy equipment manufacturing—such as wind turbines, electrolysers for green hydrogen, and battery energy storage systems—has also gained momentum. The solar PV manufacturing sector has surged notably, with production capacity rising from 8 GW in 2021 to 67 GW in 2024. Currently, over 48 GW of solar PV manufacturing projects are under implementation, expected to attract investments of around ?1.1 lakh crore and generate employment for approximately 45,000 people. These initiatives are vital in meeting domestic demand while positioning India as a key player in the global renewable energy sector.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement