In Short : NITI Aayog has proposed additional incentives under the Production-Linked Incentive scheme to support manufacturers of recycled batteries. The move aims to strengthen India’s battery recycling ecosystem, reduce dependence on imported raw materials, and promote a circular economy. Enhanced support could encourage investment, innovation, and sustainable practices in the rapidly growing energy storage […]
PLI Scheme Drives 43,000 Jobs in Solar Module Manufacturing – EQ
In Short : India’s Production-Linked Incentive (PLI) scheme for high-efficiency solar PV modules has created nearly 43,000 jobs across nine states, including over 11,000 direct jobs. With large manufacturing units coming online, the scheme is driving rapid expansion of domestic solar production capacity, reducing import dependence, and supporting India’s goal of building a strong, self-reliant […]
India’s PLI Scheme Drives Solar Manufacturing to 18.5 GW Modules, 9.7 GW Cells, 2.2 GW Ingots – EQ
In Short : India’s PLI scheme has significantly boosted domestic solar manufacturing, achieving 18.5 GW of module production, 9.7 GW of solar cells, and 2.2 GW of ingot-wafer output. The initiative aims to reduce import dependence, strengthen the local solar supply chain, and support India’s renewable energy targets, driving growth, self-reliance, and sustainability in the […]
PLI scheme to attract investment of Rs 3-4 lakh crore in 4 years; Private sector capital expenditure may increase: ICRA – EQ
In Short – The Production Linked Incentive (PLI) scheme is expected to attract investments of Rs 3-4 lakh crore over the next four years, according to ICRA. This initiative is likely to boost private sector capital expenditure significantly, enhancing industrial growth and contributing to the overall economic development of the country. In Details – The […]
PLI scheme for auto sector draws 67,690 cr investment, exceeds target; over 28,000 jobs created
In Short : The Production-Linked Incentive (PLI) scheme for the auto sector has attracted an investment of ₹67,690 crores, surpassing its target. This successful outcome signifies a robust response from the industry, contributing to economic growth and job creation with over 28,000 jobs generated. In Detail : Soon India will be the 3rd largest economy […]
Need to have another PLI scheme for grid scale storage, to augment capacity and have round-the-clock renewable energy: Union Power and New & Renewable Energy Minister R. K. Singh – EQ Mag
We will not shy away from adding thermal capacity to meet our energy requirements: Union Power & NRE Minister R. K. Singh Need to move to Net Zero and not a low-carbon future: Union Power & NRE Minister R. K. Singh We have sufficient installed capacity as of now: Union Power & NRE Minister R. […]
Government plans 15,000-crore push for batteries – EQ Mag
NEW DELHI : The government is working on a production-linked incentive (PLI) scheme worth as much as ₹15,000 crore to encourage the setting up of grid-scale battery storage, with the draft of the scheme expected to be released within a month, two people familiar with the development said. Grid-scale battery storage systems or battery energy […]
11 Firms Including Reliance Bag 39,600 MW Solar Manufacturing Capacity Under PLI Scheme – EQ Mag
The ministry said that manufacturing capacity totalling 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 As many as 11 companies, including Indosol, Reliance and First Solar, have bagged solar photovoltaic manufacturing projects of a total 39,600 MW capacity […]
Government implementing PLI scheme for boosting domestic production of Solar Modules: Union Power & NRE Minister – EQ Mag
The Government of India is implementing the Production Linked Incentive (PLI) Scheme under National Programme on High Efficiency Solar PV Modules, for achieving domestic manufacturing capacity of Giga Watt (GW) scale in High Efficiency Solar PV modules and solar PV cells, with an outlay of Rs. 24,000 crore. This Scheme has provision for Production Linked […]
Budget 2023: Can hybrid vehicles provide the push for EV adoption? – EQ Mag
In 2022, the automobile sector recorded milestone sales of 1 million units of electric vehicles (EVs), contributing close to 5% of overall automobile sales. While there is positive growth momentum in EVs, considering the slew of measures extended by the Government, there still seems to be a long road ahead. Inadequate charging infrastructure, unavailability of […]
