Obligation on photo voltaic modules, cells to proceed; don’t need imports: Energy Minister

Final 12 months, the federal government had introduced imposing 40% BCD on photo voltaic modules and 25% on photo voltaic cells with impact from April 1, 2022

Final 12 months, the federal government had introduced imposing 40% BCD on photo voltaic modules and 25% on photo voltaic cells with impact from April 1, 2022

There are “no plans” to evaluation the essential customs obligation (BCD) levied on photo voltaic modules and cells, Union Energy Minister R.Ok. Singh has stated.

“I don’t need any Chinese language imports and need the whole lot Made in India,” Mr. Singh, who can also be the Minister of New and Renewable Vitality informed PTI in reply to a query associated to the obligation levied on the 2 objects.

Final 12 months, the federal government had introduced imposing 40% BCD on photo voltaic modules and 25% on photo voltaic cells with impact from April 1, 2022.

Mr. Singh stated because of the obligation, the home manufacturing capability of modules and cells has began going up.

Nevertheless, builders of renewable power tasks have been elevating considerations that the home capability is just not sufficient to satisfy their wants of modules and cells, and had been anticipating reduction from the federal government.

When requested about plans of reviewing the choice to impose obligation, the Minister replied: “By and enormous it will stay. I don’t need any Chinese language imports. No plans [of reviewing the decision or modifying it].”

In accordance with analysis agency Mercom India Analysis, the home module manufacturing capability was about 18-20 GW as of March 2022.

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