NEW DELHI: The federal government has determined to as soon as once more prohibit the import of photo voltaic modules as a way to increase native manufacturing. Earlier, imports had been permitted till March 31, 2024, on account of a scarcity of adequate home producers to fulfil trade demand.
A authorities official acknowledged, ‘Home capacities at the moment are ready to fulfill the demand and require assist.’
The federal government’s 2021 mandate required photo voltaic challenge builders to buy modules from an permitted record to encourage home manufacturing.It’s anticipated that home manufacturing capacities will expertise important development by 2026.
Regardless of an earlier announcement in February concerning the restart of restrictions from April 1, sure tasks like open entry and captive consumption ones had been exempt.
Moreover, tasks in superior levels of development or those who had initiated credit score traces or positioned module orders earlier than March’s finish had been additionally exempted.
Nevertheless, the most recent order on re-imposing restrictions didn’t point out these exemptions.
In response to a report by Mercom India, as of December 2023, India’s cumulative photo voltaic module manufacturing capability reached 64.5GW, with a photo voltaic cell manufacturing capability of 5.8GW.
The report forecasts that India’s home module manufacturing capability will surpass 150GW, whereas cell manufacturing capability is predicted to achieve 75GW by 2026.
A authorities official acknowledged, ‘Home capacities at the moment are ready to fulfill the demand and require assist.’
The federal government’s 2021 mandate required photo voltaic challenge builders to buy modules from an permitted record to encourage home manufacturing.It’s anticipated that home manufacturing capacities will expertise important development by 2026.
Regardless of an earlier announcement in February concerning the restart of restrictions from April 1, sure tasks like open entry and captive consumption ones had been exempt.
Moreover, tasks in superior levels of development or those who had initiated credit score traces or positioned module orders earlier than March’s finish had been additionally exempted.
Nevertheless, the most recent order on re-imposing restrictions didn’t point out these exemptions.
In response to a report by Mercom India, as of December 2023, India’s cumulative photo voltaic module manufacturing capability reached 64.5GW, with a photo voltaic cell manufacturing capability of 5.8GW.
The report forecasts that India’s home module manufacturing capability will surpass 150GW, whereas cell manufacturing capability is predicted to achieve 75GW by 2026.
