PLI Scheme Expected to Draw Rs 3.4 Tn Investments in 4 Years: ICRA

14 Jun 2024 CW Team

According to ICRA, the Production Linked Incentive (PLI) scheme for the renewable energy sector is anticipated to attract investments worth Rs 3.4 trillion over the next four years. The scheme aims to boost private sector capital expenditure (capex) and accelerate the development of renewable energy infrastructure in India.

Under the PLI scheme, incentives will be provided to eligible manufacturers of solar PV modules, battery storage, and other renewable energy components based on their incremental sales. This initiative is expected to drive substantial investments in manufacturing facilities and contribute to the country's renewable energy goals.

ICRA highlights that the PLI scheme could significantly enhance India's manufacturing capabilities in the renewable energy sector, reducing dependence on imports and fostering domestic production. The scheme's implementation is timely, aligning with India's ambitions to expand its renewable energy capacity and achieve its climate commitments.

The private sector's increased capex is crucial for scaling up renewable energy infrastructure, meeting growing energy demand, and promoting sustainable development. The PLI scheme is designed to incentivize industry participation and spur technological advancements in renewable energy technologies.

The forecasted investments under the PLI scheme underscore its potential to reshape India's renewable energy landscape, driving economic growth, creating employment opportunities, and advancing environmental sustainability. As stakeholders gear up to capitalise on the incentives offered, the scheme is expected to play a pivotal role in India's transition towards a cleaner and more resilient energy future.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..