Has India clinched the manufacturing deal?

The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really click, or it may fly in the first round of bidding itself

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Vandana Gombar

5 min read Last Updated : Jun 08 2021 | 12:07 AM IST

If there was an ease-of-manufacturing index, India would not score very high — for a host of well-known reasons ranging from process to costs. The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really click, or it may fly in the first round of bidding itself. What is clearly visible is the intent of policy makers to get the maximum bang for each rupee spent.

Solar and FOMO

In the case of solar, the aim is to offer Rs 4,500 crore ($620 million) in subsidies to large local manufacturers

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : manufacturing PLI scheme Renewable energy market solar equipment wind power clean energy Green energy renewable energy

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