Demand for domestic solar cells and modules will grow to around 36 giga-watt (GW) in the next three years, Prime Minister Narendra Modi said on Thursday, underscoring the need for India to be a global manufacturing hub for renewable energy. Incentives would be given for local production of these products, he said.
Modi said, as per a PTI report after the success of Production Linked Incentives in electronics manufacturing, “we have decided to give similar incentives to high-efficiency solar modules”. He was addressing the third edition of RE-Invest, an annual renewable energy investor meet.
–FE with PTI