The government has allocated a total of 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14,007 crore under the Production Linked Incentive Scheme for High Efficiency Solar PV Modules (Tranche-II).
The allocation is expected to bring in an investment of Rs 93,041 crore and generate a total of 1,01,487 jobs, with 35,010 jobs being direct employment and 66,477 jobs being indirect employment.
In a statement on Tuesday (28 March), the Union Power Ministry said that it expects the manufacturing capacity totalling 7,400 MW to become operational by October 2024, 16,800 MW by April 2025, and the remaining 15,400 MW by April 2026.
Speaking on the success of PLI scheme, Union Power Minister R K Singh said that India was well on its way to climb up the value chain in production of the high technology solar PV modules and this capacity addition is a major step towards making India Aatmanirbhar in solar manufacturing sector.
"The PLI Scheme has proved to be a watershed event in India's Renewable landscape resulting in around 48 GW domestic module manufacturing capacity within next 3 years. The scheme has boosted government's efforts to reduce not only the impact of global supply chain shocks but also our import dependence adhering to the Hon'ble Prime Minister's vision of an Aatmanirbhar Bharat," Singh said.
Under Tranche-I of the PLI scheme, the government had allocated a total integrated capacity of 8,737 MW in November-December 2022.
With both tranches combined, the total domestic solar PV module manufacturing capacity allocated under the PLI Scheme is 48,337 MW, with a cumulative support of more than Rs 18,500 crore by the government.
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