India has launched a new initiative aimed at boosting domestic manufacturing of solar equipment. The scheme, announced recently, aims to reduce dependency on imported solar components and strengthen the country’s self-reliance in renewable energy production.
The initiative comes at a crucial time as India accelerates its renewable energy capacity expansion to meet ambitious targets. By incentivizing local production of solar equipment, the government aims to lower costs, improve availability, and create employment opportunities within the renewable energy sector.
The scheme is expected to attract investments in manufacturing facilities, research and development, and technology innovation related to solar photovoltaic (PV) cells, modules, and other critical components. It aligns with India’s broader strategy to enhance energy security, reduce carbon emissions, and promote sustainable development.
