We will Launch Solar Manufacturing Facilitation Program to Encourage Investments: Pranav Mehta

Appreciating the government’s recent move on PLI Scheme and ensuring further support to the ‘Make in India’ initiative, Pranav R Mehta, Chairman of NSEFI, disclosed that, we will be launching a solar manufacturing facilitation program to facilitate investments by connecting International investors with Indian manufacturers

April 08, 2021. By Manu Tayal

Appreciating the government’s recent move on Production Linked Incentive (PLI) Scheme and ensuring further support to the government’s ‘Make in India’ initiative, Pranav R Mehta, Chairman of National Solar Energy Federation of India (NSEFI), disclosed that, we will be launching a solar manufacturing facilitation program to facilitate investments by connecting International Investors with Indian manufacturers and promoting joint ventures between international manufacturers with Indian partners.

NSEFI being the umbrella organization for solar energy stakeholders in India has welcomed the Cabinet’s approval for the PLI Scheme for solar module manufacturing in India.

Terming the announcement as significant development for the domestic solar manufacturing industry, Pranav R Mehta, said “PLI scheme for solar manufacturing will usher in a much needed new era of high efficiency in the Indian solar industry. The PLI has the potential to make India one of the leading manufacturers of high efficiency cells and modules in the world.”

Besides launching solar manufacturing facilitation program, Mehta also shared that “to promote research, development and deployment, we will be forming an Industry Academia Council that will facilitate Industry-Academia collaboration on high-efficiency solar cells and modules.”

The NSEFI announcement is significant in view that investments and the latest technical know-how are the two important factors which will help in developing the domestic solar manufacturing industry in the country.

Recently, Cabinet has approved the Ministry of New & Renewable Energy’s (MNRE) proposal for the implementation of PLI Scheme under ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules’ for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs 4,500 crore.

Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational capacities of solar PV cells and modules.

The government’s move is expected to reduce import dependence in a strategic sector like electricity, and also to support the ‘Atmanirbhar Bharat’ initiative.

Through this scheme the government is targeted for additional 10 GW capacity of integrated solar PV manufacturing plants, and to attract direct investment of around Rs 17,200 crore for such plants.

Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
 
Next events

 

Last interview
 
 
 Energetica India is a publication from Editorial Omnimedia. No reproduction in whole or part of content posted on this website.