Centre to set up data repository of India-made solar modules to check imports
A diplomatic standoff with China over border issues since 2020 has resulted in an accelerated push for curbing imports and boosting local supply chains. China is the world's largest exporter of solar modules.
Apart from the imposition of higher basic customs duty and the ALMM to restrict imports, a production linked incentive (PLI) scheme is also underway for local manufacturing of these modules. Data from ICRA showed that during the April-February period of FY24, India's cell and module imports stood at ₹41,920 crore, way above ₹18,093 crore in FY23.
This surge in imports in the recently ended fiscal can be attributed to the relaxation in ALMM norms for a year. According to Vikram V, vice president, co-group head, corporate ratings, ICRA, the proposed mechanism would help in ensuring compliance to the regulations for domestic content usage.
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