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Modi govt plans state aid for solar factories

A 210b-rupee package is on the cards to lift installed photovoltaic capacity and to create an export industry
Wednesday, October 19, 2016 - 05:50
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India's policy proposal, expected to create thousands of jobs, is also in response to the industry's demand for help to the country's solar manufacturers, according to one official.

New Delhi

PRIME Minister Narendra Modi's government is planning a 210 billion-rupee (S$4.4 billion) package of state aid for India's solar panel manufacturing industry, according to two officials.

The so-called Prayas initiative, short for for "Pradhan Mantri Yojana for Augmenting