Statement from Vineet Mittal – Chairman, Avaada Energy Pvt Ltd on Cabinet’s approval of PLI scheme for Solar PVs

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Statement from Vineet Mittal – Chairman, Avaada Energy Pvt Ltd on Cabinet’s approval of PLI scheme for Solar PVs

April 7, 2021 Anand Gupta

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Statement from Vineet Mittal – Chairman, Avaada Energy Pvt Ltd on Cabinet’s approval of PLI scheme for Solar PVs

“I welcome the decision of the Union Cabinet for approving the Production Linked Incentive Scheme for high efficiency Solar Photo Voltaic Modules. This is a huge boost for domestic players engaged in the production of PVs. The budget outlay will certainly provide a fresh burst to R&D that will ultimately help in adding solar capacity in a more cost-effective manner. This step has the potential to reduce dependence on imported PVs and make the solar energy sector truly Atmanirbhar.” – Mr. Vineet Mittal – Chairman, Avaada Group.