PLI scheme: Govt approves Rs 4.5k cr for solar modules

08 Apr 2021 CW Staff

The government has approved a production-linked incentive (PLI) scheme for the air conditioner and LED lights sector at an outlay of Rs 6,238 crore and Rs 4,500 crore for high-efficiency solar PV modules.

The proposal was approved in the weekly Union Cabinet meeting, chaired by Prime Minister Narendra Modi.

The PLI scheme for white goods will extend an incentive of 4-6% on incremental sales of goods manufactured in India for five years to companies engaged in manufacturing ACs and LED lights, the government announced in a statement.

Minister of Commerce and Industry, Piyush Goyal told the media that a total of nine out of 13 PLI schemes have been approved to date, while the rest of the four schemes are in an advanced stage.

The government said that in five years the PLI Scheme will lead to an incremental investment of Rs 7,920 crore, incremental production worth Rs 168,000 crore, exports worth Rs 64,400 crore, earn direct and indirect revenues of Rs 49,300 crore.

The production-linked incentive (PLI) scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. The scheme encourages local companies to set up or expand existing manufacturing units and to generate more employment, and reduce India’s reliance on imports from other countries.

Image Source

Also read: Extended PLI scheme to cover solar PV, specialised steel

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..