Comments
Prime Minister Narendra Modi said on Thursday that the performance-linked incentive (PLI) scheme for high-efficiency solar PV modules will spur investments of over ₹14,000 crore and build a manufacturing capacity of 10 GW.
“We want to see our companies become global manufacturing champions, not just fulfil local demands,” Modi said at a webinar. The Government is committed to invest ₹4,500 crore in the scheme. “This is likely to increase demand for locally produced materials like EVA, solar glass, backsheet, and junction box,” he said.
“The government’s approach for the energy sector is guided by four R’s: reach, reinforce, reform, and renewable,” Modi said.
The pathway
“For reach, last mile connectivity is needed. This reach needs to be reinforced by installation capacity, for that reforms are needed. Along with all this renewable energy is the demand of the time,” he said.
For reach, the government is focussed on reaching every village and every household, Modi added. “With regard to capacity reinforcement, India has become a power surplus country from a power deficit country while reforms like the UDAY scheme and PGCIL’s asset monetisation have improved the financials of the sector,” he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.