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India's Solar Module Manufacturing: Growth & PLI Impact

Nov 08, 2023

India’s Solar Module Manufacturing Growth

Q: What is the expected growth in India’s solar PV module manufacturing capacity by 2025?

A: India’s solar PV module manufacturing capacity is anticipated to grow from the current 37 GW to 60 GW by 2025.

Q: How might the Production-Linked Incentive (PLI) scheme affect future capacity?

A: The PLI scheme is expected to potentially increase the capacity to nearly 100 GW.

Q: What is the role of the PLI scheme in solar manufacturing?

A: The PLI scheme is designed to encourage the setup of integrated solar module manufacturing units in India to decrease import reliance.

Q: Will India be able to meet all its solar manufacturing needs domestically?

A: India is likely to see growth in module, cell, and wafer capacities but will remain dependent on imports for polysilicon.

Q: What is the expected capital expenditure for setting up integrated solar capacities?

A: The capital expenditure for setting up integrated solar capacities is estimated to exceed Rs 1 lakh crore.

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