Cabinet approves incentives for solar panel, white goods production

India's cabinet on Wednesday approved production-linked incentives for the manufacturing of high-efficiency solar panels and white goods including air conditioners, a minister said.

The production-linked incentive (PLI) plan, which will offer manufacturers cash payments, will help India add 10,000 MW of solar power generation capacity, commerce and industry minister Piyush Goyal told reporters after a cabinet meeting.