February 1, Finance Minister Nirmala Sitharamn has announced in the budget presentation that an additional allocation is made towards Solar Production linked incentive (PLI) scheme.
“Additional allocation of Rs 19,500 crore for Production Linked Incentive Scheme for mfg of high-efficiency Solar modules with a priority to fully integrate manufacturing units from polysilicon to solar PV modules will be made,” the FM said in the budget 2022. This plan has been made is to facilitate domestic manufacturing for the goal of 280 gigawatts of installed solar capacity, to be achieved by the year 2030.
The Government so far has committed around Rs.1.97 lakh crore and recently, PLI in the 14th sector. Where drones and drone equipment have been included with additional funds of Rs. 120 crore, as per sources.
This announcement has also been tweeted in the BJP’s Twitter handle –
To facilitate domestic manufacturing for ambitious goal of 280 GW of installed solar capacity by 2030, an additional allocation of Rs 19,500 crore for PLI for manufacturing of high-efficiency modules with priority to fully integrated manufacturing units will be made. pic.twitter.com/p0w3eYoWFC
— BJP (@BJP4India) February 1, 2022
