Solar Imports to become Costly starting next year In order to save its domestic manufacturing, the Indian government has once again decided to impose 40% basic customs duty (BCD) on imported solar modules and 25% on solar cells from 1 April 2022. The intent is to make imports more expensive and encourage manufacturing in India. This customs duty […]
India has an ambitious target of reaching 100GW of solar generation capacity by 2022 but it currently has only 16 GW of annual solar module manufacturing capacity. Out of this only 9-10 GW capacity is operational. India has a huge demand for solar. The country imported $2.16 billion worth of solar photovoltaic (PV) cells, panels, and […]