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India's Rs 24,000 Crore PLI Scheme for Solar PV Modules Sees No Fund Disbursement Yet

SEMICONDUCTOR

India's Rs 24,000 crore PLI scheme for solar PV modules has not yet disbursed funds, as no projects have completed the mandatory one-year post-commissioning period. Award letters for 48,337 MW of manufacturing capacity have been issued, with 4 GW commissioned in October 2025.

Currently, approximately 30 GW of solar PV module capacity, 10.5 GW of solar cell capacity, and 2 GW of ingot-wafer capacity have been established. Delays in upstream polysilicon and wafer manufacturing are attributed to limited domestic experience and a concentrated global supply chain. The government aims to promote vertically integrated manufacturing and reduce reliance on imports.

India's Rs 24,000 Crore PLI Scheme for Solar PV Modules Sees No Fund Disbursement Yet
Mar 19, 2026, 3:39 PM

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