The new PLI, if introduced, might include components used in supervisory control and data acquisition (SCADA) systems, special cables and gases used in transformers
The Power Ministry is planning a production linked scheme for promoting the manufacturing of equipment used in the power sector. First reported by Financial Express, the plan might also include finalizing three zones dedicated to manufacturing of power equipment in India.
Alok Kumar, secretary at Power Electronics, was quoted saying that not only such products also have big export potential. The new PLI, if introduced, might include components used in supervisory control and data acquisition (SCADA) systems, special cables and gases used in transformers. Most of these are currently imported by India.
It is worth noting here that the the Ministry of New and Renewable Energy (MNRE) has already issued the guidelines for the production-linked incentive (PLI) scheme for manufacturing solar PV modules in the country.
The likes of Reliance and Adani have also announced big investments in renewable power sector which range in billion of dollars. Additionally the government has also introduced PLI schemes for a lot of other electronics sector.
The PLI scheme for power electronics, if found to be true, might be a big complement to India’s electronics industry. India is counted in the top three electricity consuming nations in the world.
India, during 2017-18, imported electrical equipment worth $8.6 billion. This is about two per cent of the country’s total imports.
