There are “no plans” to evaluation the essential customs responsibility (BCD) levied on solar modules and cells, Union Power Minister R K Singh has stated.
“I don’t want any Chinese imports and want every thing Made in India,” Singh, who can also be the Minister of New and Renewable Energy instructed PTI in reply to a query associated to the responsibility levied on the 2 gadgets.
Last yr, the federal government had introduced imposing 40 per cent BCD on solar modules and 25 per cent on solar cells with impact from April 1, 2022.
Singh stated because of the responsibility, the home manufacturing capability of modules and cells has began going up.
However, builders of renewable vitality tasks have been elevating issues that the home capability will not be sufficient to meet their wants of modules and cells, and had been anticipating aid from the federal government.
When requested about plans of reviewing the choice to impose responsibility, the Minister replied: “By and enormous this may stay. I don’t want any Chinese imports. No plans (of reviewing the choice or modifying it).”
According to analysis agency Mercom India Research, the home module manufacturing capability was round 18-20 GW as of March 2022.
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