Govt to increase PLI funding for solar manufacturing to ₹24,000 cr: Minister
- The Centre had approved a ₹4,500 crore PLI scheme to boost the domestic manufacturing capacity of solar PV modules in April this year
- The scheme is aimed at adding a 10,000 MW manufacturing capacity of integrated solar PV modules
The Centre will increase the funding under the production linked incentive (PLI) scheme for domestic solar cells and module manufacturing to ₹24,000 crore from the existing ₹4,500 crore, Power and New & Renewable Energy Minister R K Singh. The PLI scheme encourages domestic and local production to create more jobs. It also encourages foreign firms to find a workforce in the country and thereby generate employment.
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