<p>The Centre Wednesday approved Rs 19,500 crore for indigenous manufacturing of high efficiency solar PV modules. The move aims at reducing country's imports.</p>.<p>The decision was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi.</p>.<p>The scheme is likely to generate employment for Nearly 1,95,000 people Directly and 7,80,000 people indirectly. It is estimated tat about 65,000 MW per annum manufacturing capacity of fully and partially integrated solar PV models will be installed through the initiative.</p>.<p>The scheme will be disbursed for five years post commissioning of solar PV manufacturing plants on sales of high-efficiency solar PV modules from the domestic market will be incentivised.</p>.<p>The sccheme will lead to import substitution of approximately Rs 1.37 lakh crore and also provide an impetus to research and development to achieve higher efficiencies in their manufacturing, the government said.</p>
<p>The Centre Wednesday approved Rs 19,500 crore for indigenous manufacturing of high efficiency solar PV modules. The move aims at reducing country's imports.</p>.<p>The decision was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi.</p>.<p>The scheme is likely to generate employment for Nearly 1,95,000 people Directly and 7,80,000 people indirectly. It is estimated tat about 65,000 MW per annum manufacturing capacity of fully and partially integrated solar PV models will be installed through the initiative.</p>.<p>The scheme will be disbursed for five years post commissioning of solar PV manufacturing plants on sales of high-efficiency solar PV modules from the domestic market will be incentivised.</p>.<p>The sccheme will lead to import substitution of approximately Rs 1.37 lakh crore and also provide an impetus to research and development to achieve higher efficiencies in their manufacturing, the government said.</p>
