Union Cabinet approves PLI Scheme for High Efficiency Solar PV Modules

The Cabinet has approved implementation of PLI Scheme for High Efficiency Solar PV Modules for achieving manufacturing capacity of Giga Watt scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore.

  • Objective of the Scheme

  • The Scheme is aimed at reducing import dependance in a strategic sector like electricity. It will also support the Atmanirbhar Bharat initiative.   

  • Brief of the Scheme
  • Solar capacity addition presently depends largely upon imported solar PV cells.
  • Through the PLI scheme, Domestic manufacturing is expected to substitute Import valued at around Rs.17,500 crore every year.
  • Incentive to be disbursed for 5 years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules.
  • Selection Criteria

    • Manufacturers will be selected through a transparent competitive process.

  • Expected Outcomes of the Scheme
  • Additional 10,000 MW capacity of integrated solar PV manufacturing plants.
  • Direct investment of around Rs.17,200 crore in solar PV manufacturing projects.
  • Direct employment of about 30,000 and Indirect employment of about 1,20,000 persons.

Impetus to Research & Development to achieve higher efficiency in solar PV modules by sourcing their material from the domestic market.

-Abhinav Nagpal
Indirect Tax Associate
Shine Wing India