PLI scheme for solar manufacturing - Boon to India's renewable energy sector?

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Wednesday, 10th March
16:30 - 17:30 | India Standard Time (GMT+5:30)
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Credit: Liufuyu / Envato Elements
Surekha Mahajan
Surekha Mahajan
Director - InfrastructureGRI Institute
India
The Union Cabinet’s decision to award ‘performance linked incentive’ (PLI) to solar panel manufacturers is likely to give a boost to the domestic companies. The sector is still nascent in India and the government wants to reduce import dependence. While the wind power sector has a strong domestic supply chain, solar power projects are majorly dependent on imported solar panels. Industry was quick to move on this initiative, as the first tender for the solar manufacturing was bagged shortly after the launch of the PLI scheme.

Discussion will touch up on:
  • What short & long-term impact will domestic manufacturing have on pricing?
  • Will India be at par in terms of its production capacity and efficiency?
  • Is the budget allocation to the scheme adequate?

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