India announces $3bn package to attract solar modu
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Posted On: 11/13/2020 11:58:34 PM
India announces $3bn package to attract solar module and advanced battery manufacturers
An ambitious, $19.5 billion, five-year expansion of a previous domestic industry spending program includes money to attract investment into the sustainable energy and transport technologies.
NOVEMBER 12, 2020 UMA GUPTA
DISTRIBUTED STORAGE
FINANCE
MARKETS
MODULES & UPSTREAM MANUFACTURING
POLICY
INDIA
The program will have a five-year budget.
Image: hari_mangayil/Pixabay
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India's Union Cabinet, chaired by prime minister Narendra Modi, has expanded the remit of a national program to encourage domestic manufacturing and attract overseas companies, by adding ten new production areas to its remit, including high-efficiency solar PV modules and ‘advance-chemistry-cell’ batteries.
A previous INR51000 crore ($6.83 billion) move to incentivize the manufacture of electronic components, pharmaceuticals and medical devices has been expanded with an additional near-INR146000 crore ($19.5 billion), five-year budget which will devote INR18100 crore ($2.42 billion) to advanced battery manufacturing and INR4500 crore ($602 million) to solar panel production.
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To read the full story, please visit our pv magazine India site.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
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UMA GUPTA
Based in New Delhi, Uma reports on the latest PV market trends and projects in India. After gaining an MSc Physics (Electronics) and an MBA, she has gone on to accrue over a decade of experience in technology journalism.
More articles from Uma Gupta
uma.gupta@pv-magazine.com
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Pingback: » India announces $3bn package to attract solar module and advanced battery manufacturers – pv magazine Internationalsolarequipmentinstaller.com
Pingback: India announces $3bn package to attract solar module and advanced battery manufacturers - Smart City
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An ambitious, $19.5 billion, five-year expansion of a previous domestic industry spending program includes money to attract investment into the sustainable energy and transport technologies.
NOVEMBER 12, 2020 UMA GUPTA
DISTRIBUTED STORAGE
FINANCE
MARKETS
MODULES & UPSTREAM MANUFACTURING
POLICY
INDIA
The program will have a five-year budget.
Image: hari_mangayil/Pixabay
ShareIcon FacebookIcon TwitterIcon LinkedInIcon WhatsAppIcon Email
India's Union Cabinet, chaired by prime minister Narendra Modi, has expanded the remit of a national program to encourage domestic manufacturing and attract overseas companies, by adding ten new production areas to its remit, including high-efficiency solar PV modules and ‘advance-chemistry-cell’ batteries.
A previous INR51000 crore ($6.83 billion) move to incentivize the manufacture of electronic components, pharmaceuticals and medical devices has been expanded with an additional near-INR146000 crore ($19.5 billion), five-year budget which will devote INR18100 crore ($2.42 billion) to advanced battery manufacturing and INR4500 crore ($602 million) to solar panel production.
Popular content
To read the full story, please visit our pv magazine India site.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
ShareIcon FacebookIcon TwitterIcon LinkedInIcon WhatsAppIcon Email
UMA GUPTA
Based in New Delhi, Uma reports on the latest PV market trends and projects in India. After gaining an MSc Physics (Electronics) and an MBA, she has gone on to accrue over a decade of experience in technology journalism.
More articles from Uma Gupta
uma.gupta@pv-magazine.com
Related content
New AC module from Enphase, DMEGC
Hydrogen captured as a byproduct of polysilicon production
Tender launched to build small-sized solar plants in Kenya, Ethiopia and Uganda
Elsewhere on pv magazine...
South Korea follows Japan with net-zero 2050 pledge
PV-MAGAZINE-AUSTRALIA.COM
Argentina, Chile, México y Perú, entre los países con mejor potencial de la fotovoltaica del mundo
PV-MAGAZINE-LATAM.COM
Manufacturers want 50% basic customs duty on solar imports
PV-MAGAZINE-INDIA.COM
2 comments
Pingback: » India announces $3bn package to attract solar module and advanced battery manufacturers – pv magazine Internationalsolarequipmentinstaller.com
Pingback: India announces $3bn package to attract solar module and advanced battery manufacturers - Smart City
Leave a Reply
Please be mindful of our community standards.
Your email address will not be published. Required fields are marked *
Comment
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
LEGAL NOTICE TERMS AND CONDITIONS PRIVACY POLICY © PV MAGAZINE 2020
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