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Borosil Renewables: PLI scheme will benefit domestic solar glass manufacturers

Borosil Renewables, in an interview to ET NOW hailed the scheme and said it would impact the industry in a positive manner. They said they are still awaiting the fine print and the finer details of the scheme, but their assessment was that the scheme will push Indian manufacturers and make them globally competitive.

Key Takeaway from ET NOW interaction with Borosil Renewables:
• Indian manufacturers will benefit from the PLI move
• Chinese players have been subsidized by the Chinese Government for many years
• Foresee strong growth in the industry going forward
• Scheme likely to be built around domestic content in the manufacturing process
• Higher the domestic content in the process, higher the incentives to be provided
• Do need to balance the subsidies given to manufacturers of other countries