The scheme aims to attract an additional investment of about Rs 40,000 crore and lead to a capacity addition of 25 million tonnes (MT), besides generating 5.25 lakh job opportunities
Synopsis
The solar power tariffs continue to hit new lows in the reverse bids conducted and have been on steady decline. This has put pressure on reducing the setup and production cost.
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To complement the introduction of PLI, the Government has taken measures like BCD imposition on solar cells, anti-dumping and countervailing duties on other raw materials on imports from various countries.
India is a signatory to the Paris Agreement under the United Nations Framework Convention on Climate Change. As part of its Nationally Determined Contribution (NDC), India has three quantitative climate change goals viz. reduction in the emissions intensity of Gross Domestic Product (GDP) by 33 to 35 percent by 2030 from 2005 level, achieving about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 and creating an additional carbon sink of 2.5 to 3 billion tonnes of carbon dioxide equivalent through additional forest and tree cover
The worst performer among the 10 stocks has delivered 26 per cent return year to date, which is more than double of Sensexs 9.47 per cent gain during this period.
Prime Minister Narendra Modi with Minister Ravi Shankar Prasad.
Tech giant Appleâs vendors have hired 20,000 new employees ever since the central governmentâs Rs 40,000 crores production-linked incentive (PLI) for smartphones became operational in August 2020.
The companyâs two major contract manufacturers, i.e. Foxconn and Wistron, have already met and surpassed the year one (FY21) investment target of Rs 250 crore each and also recruited 7,500 new workers each in the last 10 months.
Moreover, other Apple vendors such as Salcomp, Sunwoda and Foxlink are also believed to have employed another 5,000 individuals in order to augment the manufacturing capacity of the two aforementioned contractors.