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 […]
Goldi Solar, Waaree Energies keen to participate in PLI scheme for solar PV modules – EQ Mag Pro
Green energy companies Goldi Solar and Waaree Energies are keen to participate in the government’s production linked incentive scheme for manufacturing solar PV modules. Last week, MNRE Secretary Indu Shekhar Chaturvedi said the proposals under the second phase of the Rs 19,500-crore production linked incentive (PLI-II) scheme for solar sector will be invited within a […]
PLI scheme for ACC battery storage: Reliance New Energy, Ola, Rajesh Exports sign pact – EQ Mag Pro
The government has signed a programme agreement with Reliance New Energy, Ola and Rajesh Exports under the PLI Scheme for ACC Battery Storage These companies will receive incentives under India’s Rs 18,100-crore PLI scheme The private players are expected to create battery manufacturing capacity to the tune of ~95 GWh New Delhi: The government has […]
PLI scheme to account for 13-15% CAPEX in key industrial sectors over next 3-4 years: Report – EQ Mag Pro
Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune of Rs 1.93 lakh crore. Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by […]
PLI scheme for Auto & AutoMobile Component proposed investment of ₹74,850 crore – EQ Mag Pro
This scheme will facilitate the Automobile Industry to move up the value chain into higher value-added products. New Delhi: The Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India has been successful in attracting proposed investment of Rs 74,850 crore against the target estimate of investment Rs 2,500 croreover a period […]