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

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

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

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

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?