Govt’s Plan to Boost India’s Solar Power Segment; Bids from Adani and Reliance

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Govt’s Plan to Boost India’s Solar Power Segment; Bids from Adani and Reliance
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The Union Cabinet in April had approved the production-linked incentive (PLI) scheme earmarked at Rs 4,500 crore, for manufacturing high-efficiency solar panels, with a view of adding solar photovoltaic manufacturing plants (of about 10 GW), which would attract direct investment worth Rs 17.2 crore.

About 18 solar PV manufacturing companies applied for the 10 GW PLI scheme, showcasing a total capacity of 54.8 GW. A syndicated wire feed confirms that 16 such companies have been finalized for the solar PLI scheme.

To name a few, are Adani (NS: APSE ) Infrastructure, Reliance (NS: RELI ) New Energy Solar, Jindal India Solar Energy, FS India Solar Ventures, Shirdi Sai Electricals, L&T (NS: LART ), Coal India (NS: COAL ), and Tata Power Solar.

While the information on the amount of incentives designated to each company is not known, Jindal, Shirdi Sai, and Reliance alone exceed the set-aside amount of Rs 4.5 crore.

Regarding this, government sources have stated that the Cabinet has designated a fresh corpus of Rs 18,000 crore for the PLI scheme, however, the finalized decision on this is yet to be taken.

All the solar PV companies listed above and some others participating in the scheme, except FS India Solar have ensured to set up a solar manufacturing capacity of 4,000 MW.

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  • Mahesh Jaihind @Mahesh Jaihind
    Are these mistakes or really correct words/valuesensured or assured??scheme earmarked at Rs 4,500 crore ... vs ..... alone exceed the set-aside amount of Rs 4.5 crore??would attract direct investment worth Rs 17.2 crore??
    Like 0

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