The Rs 4,500-crore Performance Linked Incentive (PLI) scheme for solar manufacturing has not met industry expectations since domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules through this scheme. With the government claiming record clean energy capacity of 450 GW by 2030, the scheme aims to support end-to-end indigenous solar power capacity in the country. “Industry calculations indicate that in terms of capital expenditure, PLI would be in the range of 15-25 per cent. The incentive on the capex will come after five years. The incentive on sale is variable as no one knows how much they will sell. For foreign investors, the incentive is further reduced due to customs duty,” said a senior executive of a leading solar company.
February 28, 2021
The scheme aims to promote domestic manufacturing via financial incentives on incremental turnover for 5 years - AFP
The scheme aims to promote domestic manufacturing via financial incentives on incremental turnover for 5 years - AFP×
The Textile Ministry is taking a re-look at the proposed parameters of the Production Linked Incentive (PLI) scheme for the sector as some in the industry has complained that the minimum turnover suggested for qualifying for the scheme is too high and would exclude many, sources have said.
“Industry players have approached the Textile Ministry and sought a lowering of the turnover threshold for the scheme as they say that even the smaller players should be eligible for the benefits. The Ministry has noted the concern and is deliberating if some changes could be made in the proposed parameters,” an industry source told
Apple, which has steadily raised production of iPhones in India to lessen its dependence on Chinese manufacturing, took part in the new PLI scheme via its contract manufacturers.
If an incentive-based scrappage policy is adopted in the Budget 2021, it shall boost demand for new vehicles while helping the government achieve its targets for reducing carbon emissions
updated: Dec 26 2020, 13:38 ist
India will look to be more innovative in its approach to garner additional investments worth Rs 1.75 lakh crore for having 35 GW of renewable power generation capacity next year to meet the ambitious target of 175 GW of clean energy capacity by 2022.
At present, the country has a total installed renewable energy capacity of 90 GW. This includes 39 GW of wind and 37 GW of solar generation capacity.
Around 50 GW of renewable energy capacity is under construction and there is also a strong pipeline of 30 GW for new bids. There is a fund requirement of Rs 1.75 lakh crore to achieve the balance capacity of 35 GW (under bidding/ to be bid out/ auctioned) to achieve an overall target of 175 GW, Director General of Solar Power Developers Association Shekhar Dutt told