PLI scheme for solar PV to attract Rs 14k cr investment

22 Feb 2021 CW Team

Addressing a webinar on Budget announcements, Prime Minister Narendra Modi said there is a need for reforms that can enable better last-mile connectivity that, in turn, will unlock better reach in installations.

The performance linked incentive (PLI) scheme was introduced by the central government in March last year to boost domestic manufacturing and cut down on import bills. The scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to India, the scheme also aims to encourage local companies to set up or expand existing manufacturing units.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

The government is currently looking at a solution for problems related to the financial health of the distribution companies. The Centre is ready to reduce barriers and free the segment from licenses.

Prime Minister Narendra Modi said on Thursday that a policy and a regulatory framework related to distribution companies (discoms) are in the works.

Modi said the Centre is currently looking for solutions to address problems related to electricity supply and the distribution network throughout the country.

During the Budget 2021 session, Finance minister Nirmala Sitharaman had announced that a framework would be put in place to give electricity consumers alternatives to choose from among more than one distribution company. As we have reported, a boost to the PLIs has been in the works for the solar industry with Atmanirbhar.

Image: In November, the government set aside an outlay of Rs 4,500 crore under the PLI scheme for the solar industry.

Also read: A whole new chapter in public funding

Also read: Moving out of China? India among best alternatives

The production-linked incentive (PLI) scheme for high efficiency solar photovoltaic (PV) modules will lead to investments of over Rs 14,000 crore to create a manufacturing capacity of 10,000 MW. As per the PLI outlay, the government will commit to invest Rs 4,500 crore with an intention to boost domestic manufacturing and help enhance demand in such components as EVA, solar glass, backsheet, and junction boxes. Addressing a webinar on Budget announcements, Prime Minister Narendra Modi said there is a need for reforms that can enable better last-mile connectivity that, in turn, will unlock better reach in installations. The performance linked incentive (PLI) scheme was introduced by the central government in March last year to boost domestic manufacturing and cut down on import bills. The scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to India, the scheme also aims to encourage local companies to set up or expand existing manufacturing units.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info The government is currently looking at a solution for problems related to the financial health of the distribution companies. The Centre is ready to reduce barriers and free the segment from licenses.Prime Minister Narendra Modi said on Thursday that a policy and a regulatory framework related to distribution companies (discoms) are in the works. Modi said the Centre is currently looking for solutions to address problems related to electricity supply and the distribution network throughout the country. During the Budget 2021 session, Finance minister Nirmala Sitharaman had announced that a framework would be put in place to give electricity consumers alternatives to choose from among more than one distribution company. As we have reported, a boost to the PLIs has been in the works for the solar industry with Atmanirbhar.Image: In November, the government set aside an outlay of Rs 4,500 crore under the PLI scheme for the solar industry. Also read: A whole new chapter in public funding Also read: Moving out of China? India among best alternatives

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Real Estate

01 Dec 2025

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..