Cabinet clears PLI scheme for solar PV, AC, LED lights

New Delhi, Apr 07 (PTI): The Union Cabinet on Wednesday approved a production linked incentive (PLI) scheme with an outlay of Rs 4,500 crore to add 10,000 MW capacity of integrated solar PV modules manufacturing plants. Commerce and Industry Minister Piyush Goyal gave details of the PLI scheme ‘National Programme on High Efficiency Solar PV Modules’ with an outlay of Rs 4,500 crore.
The government said that this decision will add 10,000 MW capacity of integrated solar PV manufacturing plants and bring direct investment of around Rs 17,200 crore in solar PV manufacturing. The PLI scheme is likely to create direct employment of around 30,000 and indirect employment of 1.2 lakh, according to the government. The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, which was chaired by Prime Minister Narendra Modi.
Commerce and Industry Minister Piyush Goyal said that the approval of the scheme for ACs and LEDs will give a boost to domestic manufacturing.
Production-linked incentive scheme aims at boosting domestic manufacturing in the country.