The federal government has laid out initiatives such because the authorised record of fashions and producers which mandates using photo voltaic panels manufactured by these gamers which are a part of the record, for presidency photo voltaic initiatives.
Whereas India is self-sufficient in photo voltaic module manufacturing, it lacks photo voltaic cell manufacturing capabilities. This has led to an increase in photo voltaic cell and panel imports.
India imported photo voltaic cells and panels price over Rs 51,460 crore within the FY24, 2.84 instances better than the 12 months in the past, based on Commerce Ministry knowledge. The principle purpose for the rise is landed imported prices of photo voltaic panels are decrease by 4 cents per watt in comparison with home panels, based on ICRA. Moreover, photo voltaic cell imports appeal to a 25% primary customs obligation.
Changes to this obligation or growth of the production-linked incentive schemes for photo voltaic cell and panel manufacturing may appeal to investments and enhance home manufacturing.
