In Short : The government has mandated import registration for certain products used in renewable energy projects. This measure aims to streamline supply chains, ensure quality compliance, and strengthen regulatory oversight. By monitoring imported components, authorities seek to promote domestic manufacturing, maintain standards, and support the growth of India’s renewable energy sector, enhancing accountability and […]
India’s Solar Industry Urges Full-Scale Domestic Manufacturing for Energy Independence – EQ
In Short : Industry leaders are urging the government to promote end-to-end solar manufacturing in India, covering everything from polysilicon to modules. Currently, the country relies heavily on imports for critical components. Strengthening the domestic supply chain will reduce dependence on foreign markets, create jobs, and support India’s goal of becoming a global hub for […]
China Supplies 350 Lakh Solar Modules to India in FY25 Amid Push for Domestic Manufacturing – EQ
In Short : India imported more than 350 lakh solar modules from China in FY25, underscoring its reliance on foreign supply despite rising domestic manufacturing. Industry experts note that competitive pricing and bulk availability continue to drive imports. However, India is pushing policies to boost local production, aiming to strengthen self-reliance in solar equipment and […]
Building India’s Green Fortress: Why Domestic Manufacturing is the Cornerstone of Renewable Energy Success – EQ
In Short : India’s renewable energy expansion hinges on domestic component production. Local manufacturing of solar panels, wind turbines, and batteries can cut import reliance (currently 70% for solar), create jobs, and reduce costs. While PLI schemes boosted module capacity to 25 GW, cell production lags at 3 GW. Achieving 500 GW by 2030 requires […]
Rayzon Solar Sets Stage for ₹1,500 Crore IPO to Boost Domestic Manufacturing – EQ
In Short : Rayzon Solar, a Surat-based solar panel maker, plans to file draft papers with SEBI for a ₹1,500 crore IPO by June-end. The funds will support manufacturing expansion across its Gujarat plants. With a current installed capacity of 6,000 MW, the company aims to capitalise on India’s growing solar sector after previously raising ₹138 […]
SAEL Commits ₹5,000 Crore for Solar Cell Plant in Uttar Pradesh to Boost Domestic Manufacturing – EQ
In Short : SAEL Industries will invest ₹5,000 crore to establish a 5 GW solar cell manufacturing facility in Greater Noida, Uttar Pradesh. The plant supports India’s push for local solar production, aligning with the upcoming ALMM policy. SAEL also plans an IPO within a year and may expand into wafers and ingots, strengthening its […]
India Implements Anti-Dumping Duty on Solar Glass Imports to Boost Domestic Manufacturing – EQ
In Short : India has imposed a five-year anti-dumping duty on solar glass imports from China and Vietnam, ranging from \$570 to \$664 per metric tonne. The move aims to protect domestic manufacturers from unfair trade practices after a surge in imports. While the duty may increase solar module costs by 3-5%, it supports India’s […]
India’s solar sector grows stronger with 60 GW domestic manufacturing: Rubix Data Sciences – EQ
In Short : India’s solar sector continues to strengthen with 60 GW of domestic manufacturing capacity, according to Rubix Data Sciences. This growth is driven by government initiatives, production-linked incentives, and rising demand for renewable energy. The increasing local production capacity is expected to reduce import dependence, boost self-reliance, and support India’s ambitious renewable energy […]
Clarity on customs duty impact for already bid out projects required: ICRA
There have been significant delays in implementation of such ‘change in law’ pass-through for the affected IPPs in the past New Delhi: As the 15 per cent safeguard duty on imports of solar cells and modules import is set to cease in July 2020, industry analysts seek clarity for a pass-through of customs duty impact […]