Cabinet approves second tranche of solar PLI worth Rs 195 billion

The cabinet has approved a Rs 195 billion proposal of the Ministry of New and Renewable Energy for the implementation of the second tranche of the production-linked incentive (PLI) scheme for solar equipment manufacturing. This is part of the national programme on high efficiency solar photovoltaic (PV) modules for achieving manufacturing capacity of gigawatt scale in high efficiency solar PV modules. The PLI will be disbursed for five years post commissioning of solar PV manufacturing plants, based on sales of high efficiency solar PV modules.