The manufacture of solar modules is among the 13 industrial sectors encompassed by a production-linked incentive scheme announced by Indian finance minister Nirmala Sitharaman as she presented the union budget.
The government has committed almost INR1.97 lakh crore ($27.1 billion) to the five-year scheme, which will start in the new fiscal year. Of that sum INR4,500 crore ($618 million) will be set aside for the manufacture of high-efficiency solar modules, with the incentive program applied to the sector by the Ministry of New & Renewable Energy.
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