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 India considering exempting 30 GW of solar plants from equipment duty by 2023

 

India is contemplating exempting 30 GW of solar plants from import duties on equipment by 2023 in order to boost the country's renewable energy sector, sources say. This move comes as part of India's larger plan to achieve its target of installing 175 GW of renewable energy capacity by 2022. The exemption would apply to both solar modules and cells, allowing developers to import them duty-free. By exempting this significant portion of solar plants from equipment duties, India hopes to attract more investments and drive the growth of its solar power industry.

 

 

 

This decision by India to exempt 30 GW of solar plants from equipment duty is a significant step towards achieving its renewable energy goals. By incentivizing the import of solar modules and cells, the government is removing barriers for developers and encouraging investments in the solar power sector. This move not only boosts India's clean energy transition but also creates opportunities for economic growth and job creation. It is encouraging to see countries taking such proactive measures to promote renewable energy and combat climate change.

 

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