In this year’s Budget, our expectation from the government is to formulate incentives for promotion of domestic manufacturing in the heavily import dependent solar industry. Local manufacturers need to be safeguarded through duties on imported products, so as to make domestic products more cost-effective. It is our hope that this will give a significant boost to the “Make in India” vision of the government.
While the government has made major policy and regulatory interventions in order to promote solar power development, what is expected in this Budget is the stability of policies. The various regulatory uncertainties that are impacting investor confidence need to be addressed urgently. In addition, we expect the government to ensure better synchronisation between the discoms and solar companies to ensure a win-win situation for all stakeholders. – Bharat Bhut (Director- Goldi Solar)