Other companies to get this incentive include US firm First Solar Inc, JSW Energy Ltd, Avada Group and Renew Energy Global Plc.
Reliance Industries Limited (RIL) And many solar module makers, including Tata Power Company, are eyeing the government’s solar incentive of about Rs 20,000 crore. (Solar Incentives) But it is buried. All these companies have bid to get financial incentives for this sector. Due to this incentive, it will help in increasing solar panel manufacturing in the country and imports from China will be curbed.
Other companies to get this incentive include US firm First Solar Inc, JSW Energy Ltd, Avada Group and Renew Energy Global Plc. In the ET report, on the condition of anonymity, experts told that Adani Group, one of the largest solar panel makers in the country, is not in the list of bidders.
Preparing to become an alternative to China
This financial help is part of Prime Minister Narendra Modi’s objective of turning the country into a manufacturing powerhouse, creating jobs in the economy and reducing imports that drain foreign exchange. His “Make in India” campaign is an attempt to project the country as an alternative to China amid global pressure to diversify supply chains in the wake of the pandemic. The government is offering grants to take the country’s module manufacturing capacity to 90 GW.
No one’s statement came
Power Minister Raj Kumar Singh had said last month that his ministry was considering a temporary moratorium on module imports to speed up projects. Spokespeople for Reliance, Avada Group and JSW Energy declined to comment. There was no response from the Ministry of Renewable Energy, Adani, Tata Power, Renew and First Solar. The bids, being conducted by the state-run Solar Energy Corporation, closed on February 28 after being extended several times. Details related to incentives and projects are not yet available.
Source: www.tv9hindi.com”