Solar panel manufacturers looking for government help, industry awaits real budget support

The Union Budget proposals are more on the periphery of the sector and will need to be coupled with policy initiatives that offer incentives, reduction in Custom Duties and Safe Guard Duties on specific products.

Budget 2019 to boost investment in renewable energy sector

Domestic solar module manufacturers’ body AISIA said for energy security of the country we need to have our own strong manufacturing sector and not continue to import 90 per cent of our energy generating solar panels.

Budget to boost investment in renewable energy sector

“Government support is also needed for sustainable capacity installation and investments. Today the lack of support through subsidies on power, capital, interest, depreciation and incentives on exports are awaited to attract new investment in the sector,” AISIA Secretariat Sanjay Choudhary said.

Budget to boost investment in renewable energy sector

Domestic solar module manufacturers’ body AISIA said for the energy security of the country we need to have our own strong manufacturing sector and not continue to import 90 percent of our energy-generating solar panels.

Union Budget 2019: From tax cuts to lowering of AFT pricing, Corporate India presents its wish list to Nirmala Sitharaman

Domestic solar module manufacturers’ body AISIA said for the energy security of the country we need to have our own strong manufacturing sector and not continue to import 90 percent of our energy-generating solar panels.Hitesh Doshi, Chairman, All India Solar Industries Association: AISIA recommends raising export and manufacturing incentives and a level playing field for the local industry vis-a-vis the duty of neutral imported modules and components. The survival of the solar modules manufacturers industry is at stake. Subsidies for power, capital, interest, and depreciation to this industry and duty-free import of manufacturing equipment would help in making the industry competitive and attract investment in capacity creation.