National Programme on High Efficiency Solar PV Modules
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The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for the implementation of the Production Linked Incentive (PLI) Scheme ‘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.
National Programme on High-Efficiency Solar PV Modules
- The programme aims to achieve manufacturing capacity in Giga Watt scale in high efficiency solar PV modules.
- The total outlay of the scheme has been estimated as Rs 4,500 crores.
- The programme aims to bring additional 10,000 MW capacity of integrated solar PV manufacturing units in India.
- It will bring in direct investment of Rs 17,200 crores in solar Photovoltaic manufacturing projects.
- The demand for “Balance of Materials” is expected to touch Rs 17,500 crores in five years after the launch of the scheme.
- It will bring indirect employment of 1,20,00 and direct employment of 30,000.
- It will stimulate research and development that will achieve higher efficiency in solar PV modules.
Plan of the programme
- The solar PhotoVoltaic manufacturers are to be selected through transparent competitive bidding process.
- The scheme will reward manufacturers with higher efficiencies of solar Photo Voltaic modules.
- Also, they will be incentivised for sourcing their material from the domestic markets.
- The solar capacity addition in the country largely depends on imported solar Photovoltaic Cells and modules.
- The National Programme on High Efficiency Solar PV Modules will help to reduce the dependence on imports of solar PV cells and modules. Also, it will support Atma Nirbhar Bharat initiative.
- The main objective of PLI Scheme is to make manufacturing in India globally competitive. The scheme will generate large scale employment opportunities and will enhance exports substantially.
PLI Scheme for White Goods
- The budget allocated for the scheme is Rs 6,238 crores. The amount has been approved by the cabinet.
- The scheme will help to facilitate additional investments of Rs 7,920 crores.
- It will create four lakh jobs.
- The scheme will generate direct and indirect revenues of Rs 49,300 crores.
- The scheme will provide incentive of 4% to 6% to the companies engaged in the manufacturing of Air Conditioners and LED lights.
- The incentives are to be provided for a period of five years.
- The scheme is expected to increase production worth Rs 1,68,000 crores and exports worth Rs 64,000 crores.
What are White Goods?
- Generally large home appliances such as refrigerators, dish washers, washing machines, air conditioners are referred to as white goods. Traditionally the household goods were available in white colour and hence the name.
What are brown goods?
- The Consumer Electronics such as computer, Television, games consoles, radios are referred to as brown goods.
SOURCE: NEWS ON AIR