Documents seen by Moneycontrol show that the renewable energy ministry aims to have manufacturing capacities of 150 GW for solar modules, 100 GW for solar cells and 39 GW for wafers by 2030
Pralhad Joshi also said that so far about, Rs 50,000 crore has been invested in the country's solar equipment manufacturing sector.
For now, the government may focus on wafers and ingots while allowing polysilicon to be imported, as India doesn’t have the capacity to produce the ultra-refined material
The company is one of the three selected under the production-linked incentive scheme to produce solar modules in the country. In India, the firm will continue to cater to power utilities instead of B2C companies. Ghosh hopes to significantly localise component supply chain by the end of 2025.
Ravindra Kansal, president and chief executive officer, Middle East, Africa & CIS, Punj Lloyd, in an interview to CNBC-TV18, said that the company will complete the order in two and half-three years.