The Indian Government has approved the second round of Production Linked Incentive (PLI) funding for domestic solar manufacturing – with $2.38 billion assigned, up from the initial $550 million in the first round. That $550 million was tied to a Request for Proposals (RfP) for 10 GW, which ended up attracting 50 GW of bids from 18 companies. Now the Indian Cabinet estimates in a statement that nearly 65 GW of “fully and partially integrated” production capacity can be built thanks to the scheme. Power Minister RK Singh went on to predict that the “PLI-II” scheme will save $17 billion in forex spending – equivalent to 50 GW of module imports, so presumably he meant this as an estimate of…