Budget to Support Solar Manufacturing

The Indian government is planning to support the local production of solar ingots and wafers with ₹5,000–6,000 crore in the upcoming budget.

These parts are important for making solar cells and modules.

Right now, India mostly imports these parts, but the government wants to make more of them locally.

This will help India become less dependent on other countries and make the solar energy supply chain stronger.

Over the past decade, India has increased its ability to make solar cells and modules a lot.

The government hopes this new support will help fill the gap in making the parts needed for these solar products.

The PLI scheme has helped some sectors like electronics and solar PV grow a lot, but other sectors have not done as well.