National Logistics Policy, PLI scheme for solar PV modules approved by Cabinet

The Cabinet on Wednesday approved the Production Linked Incentive (PLI) Scheme on ‘National programme on High Efficiency Solar PV Modules’ and the National Logistics Policy (NLP) - which aims at reducing transportation cost and promoting seamless movement of goods in the country, Union Minister Anurag Thakur said.

"A provision of Rs 19, 500 crore has been made for achieving manufacturing capacity of Giga Watt scale under PLI Scheme (Tranche II). Aim to create an ecosystem for manufacturing of high efficiency Solar PV Modules," Union Minister Anurag Thakur was quoted as saying ANI.

Cabinet has also approved modifications in “Programme for Development of Semiconductors & Display Manufacturing Ecosystem”. "50% incentives will be given for semiconductor fabs across technology nodes as well as for compound semiconductors, packaging & other semiconductor facilities," Thakur said.

Cabinet approved modifications in “Programme for Development of Semiconductors & Display Manufacturing Ecosystem”. 50% incentives for semiconductor fabs across technology nodes as well as for compound semiconductors, packaging & other semiconductor facilities: Union Min A Thakur pic.twitter.com/eQQHi49klj

— ANI (@ANI) September 21, 2022

Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation costs by promoting seamless movement of goods across the country.

While launching the policy, the prime minister had said that "from 13-14 per cent (of the GDP), we should all aim to bring the logistics cost to single-digit as soon as possible".

The policy lays down an overarching interdisciplinary, cross-sectoral, multi-jurisdictional and comprehensive policy framework for the logistics sector.

It is also envisaged to bring efficiency in logistics services and human resources through streamlining processes, regulatory framework, skill development, mainstreaming logistics in higher education and adoption of suitable technologies.

The vision is to develop a technologically enabled, integrated, cost-efficient, resilient, sustainable and trusted logistics ecosystem for accelerated and inclusive growth.

(With agency inputs)