The central government has allocated a total capacity of 39,600 MW of domestic solar photovoltaic (PV) module manufacturing capacity to 11 companies, with a total outlay of Rs 140.07 billion under the production linked incentive (PLI) scheme for high efficiency solar PV modules (Tranche-II).
Manufacturing capacity totaling 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. The Tranche-II is expected to bring in an investment of Rs 930.41 billion. A total integrated capacity of 8,737 MW was allocated under Tranche-I of the scheme, in November-December 2022. Considering the two tranches together, the total domestic solar PV module manufacturing capacity allocated under the PLI scheme is 48,337 MW, with a cumulative support of more than Rs 185 billion by the government.