News Snapshot:
US, Chinese solar companies want to set up manufacturing plants in India under PLI scheme | Photo Credit: Thinkstock New Delhi: Manufacturers from US and China are warming up to the government’s Production-Linked Incentive (PLI) scheme. China’s LONGi Star and Trina Star, which manufacture solar panels, wafers and modules are reportedly in talks with Indian companies to set shop in India under the PLI scheme. The Union Cabinet chaired by Prime Minister Narendra Modi cleared the Rs 4,500-crore scheme for solar modules. PLI schemes seek to boost local manufacturing and exports from India by giving incentives to manufacturers. The scheme...
