Solar PV will be supported under M-SIPS

The government has decided to support investments in the solar photovoltaics (PV) manufacturing sector under the Modified Special Incentives Package Scheme (M-SIPS).

The approved M-SIPS states that incentives for investments in additional solar photovoltaic (SPV) manufacturing capacity shall be decided based on the outcome of the proposals received under the Special Incentive Package Scheme (SIPS).

Based on consultations with industry and relevant ministries in the government, DeitY has issued orders confirming that investments in the SPV sector shall be supported under the M-SIPS.