During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19,500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme. Intending to increase the solar capacity in the country, Finance Minister has said that ₹19,500 crores will be given under PLI for manufacturing high-efficiency modules for […]
Budget Reaction from Adarsh Das, Co-Founder and Chief Executive Officer, SunSource Energy – EQ Mag Pro
As an industry, we welcome the inclusion of ‘Climate action’ as one of the key pillars of the budget. Several important announcements such as an additional allocation of Rs. 19,500 crore for the PLI scheme for module manufacturing, sovereign green bonds for funding solar projects, and a robust battery swapping policy will pave the way […]