Business

Agricultural solarisation presents massive manufacturing opportunity across India

Originally reported by ET Industry as: India's farms offer 116 GW solar manufacturing opportunity: ISMA

5 Nov 2026, 3:23 pm IST · Xecute.finance News Desk

The crisp read

A report indicates that India's agricultural sector could generate a demand for 116 GW of solar modules via the solarisation of irrigation pumps, supported by the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. This transition cuts reliance on diesel and conventional power while boosting rural electricity access, though domestic manufacturers require steady policy backing and demand visibility.

Deep dive - the full story

India's agricultural sector could generate a demand of 116 GW for solar modules through the solarisation of irrigation pumps, according to a report highlighting the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. Adopting solar pumps reduces reliance on conventional electricity and diesel while enhancing reliable electricity availability for farmers, with the report stressing the necessity of sustained policy backing and clear demand visibility to support domestic manufacturing firms.

Government-backed renewable energy schemes in agriculture combine capital subsidies with institutional financing to shift rural irrigation from fossil fuels to clean energy. This mechanism reduces agricultural power subsidies for the state, cuts carbon emissions, and creates predictable, long-term order books for domestic solar module makers. Manufacturers, component suppliers, and clean-tech investors should track scheme allocations, tender announcements, and financing schemes tied to agricultural solar deployment.

Keep an eye on policy updates regarding domestic content requirements and subsidy disbursements. Bottom line: strong policy visibility under rural solar schemes creates substantial growth opportunities for domestic clean-energy manufacturers.

Source: economictimes.indiatimes.com

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