Mumbai (Maharashtra), May 14 -- : The allocation of Rs 4,500 crore towards solar modules manufacturing industry can benefit sales of 20 gigawatts from capacity developed under the production linked incentive (PLI) scheme, India Ratings and Research (Ind-Ra) estimates.
The scheme is definitely a shot-in-the-arm and much-required step to tackle import requirement and bring it down from 90 per cent import requirement levels to 64 to 74 per cent on an average till FY30.
However, said Ind-Ra, the amount under PLI will have to go significantly up if India has to reduce its import dependence, assuming the country proceeds on its target of 280 GW solar capacity by FY30.
Supply and logistical constraints have already pushed estimated under-constr...