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India

India approves incentives for solar panel, white goods production - minister

FILE PHOTO: Workers clean photovoltaic panels inside a solar power plant in Gujarat, India, July 2, 2015. REUTERS/Amit Dave/File Photo

NEW DELHI (Reuters) - India’s cabinet on Wednesday approved production-linked incentives for the manufacturing of high-efficiency solar panels and white goods including air conditioners, a minister said.

The production-linked incentive (PLI) plan, which will offer manufacturers cash payments, will help India add 10,000 MW of solar power generation capacity, commerce and industry minister Piyush Goyal told reporters after a cabinet meeting.

Reporting by Manoj Kumar and Nigam Prusty; Editing by Andrew Heavens

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