In the second tranche of the government's production-linked incentive plan, 11 firms, including Indosol, Reliance, and First Solar, have been awarded solar photovoltaic manufacturing projects totaling 39,600 MW capacity. According to a power ministry statement, the government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14,007 crore under the Production Linked Incentive Scheme for High-Efficiency Solar PV Modules (Tranche-II).

According to the ministry, production capacity of 7,400 MW will be operational by October 2024, 16,800 MW capacity by April 2025, and the remaining 15,400 MW capacity by April 2026. The Tranche-II investment is projected to be Rs 93,041 crore. It will also produce 1,01,487 jobs, with 35,010 directly employed and 66,477 indirectly employed.

Speaking about the success of the PLI scheme, Union Minister for Power R K Singh stated that India is well on its way to climbing up the value chain in the production of high technology solar PV modules, and that this capacity addition is a significant step towards making India Aatmanirbhar in the solar manufacturing sector.