The Indian government has allocated a total capacity of 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14 billion under the Production Linked Incentive Scheme for high efficiency solar PV modules (Tranche-II). Manufacturing capacity totaling 7,400 MW is expected to become operational by October 2024, 16,800 MW capacity by April 2025 and the balance 15,400 MW capacity by April 2026. The Tranche-II is expected to bring in an investment of Rs 930 billion. It will also generate a total of 101,487 jobs with 35,010 getting direct employment and 66,477 being indirectly employed.
A total integrated capacity of 8,737 MW was allocated under Tranche-I of the scheme in November to December, 2022. Considering the two tranches together, the total domestic solar PV module manufacturing capacity allocated under the PLI Scheme is 48,337 MW, with a cumulative support of more than Rs 185 billion by the Government.
