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In a significant development, the Indian government has announced a new policy to boost the manufacturing of solar equipment in the country. This move aims to reduce India’s dependence on imports from countries like China and strengthen its position in the renewable energy sector. The new policy includes incentives such as production-linked incentives (PLI) for solar equipment manufacturers to ramp up production and make India a global hub for solar manufacturing. With the increasing focus on clean energy and the government’s push towards self-reliance, this policy is expected to attract investments and create job opportunities in the renewable energy industry. The Indian solar equipment manufacturing sector is poised for growth, and this policy is a step in the right direction towards achieving the country’s renewable energy targets.

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