Authorities re-imposes restrictions on photo voltaic module imports to spice up native manufacturing – Occasions of India

NEW DELHI: The federal government has determined to as soon as once more prohibit the import of photo voltaic modules with a view to enhance native manufacturing, Earlier, imports have been permitted till March 31, 2024, as a result of an absence of adequate home producers to meet trade demand.
A authorities official said, ‘Home capacities are actually ready to satisfy the demand and require help.’
The federal government’s 2021 mandate required photo voltaic mission builders to buy modules from an accepted listing to encourage home manufacturing.It’s anticipated that home manufacturing capacities will expertise vital progress 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 have been exempt.
Moreover, tasks in superior phases of development or people who had initiated credit score traces or positioned module orders earlier than March’s finish have been additionally exempted.
Nevertheless, the newest 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 anticipated to achieve 75GW by 2026.