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Duty Hike, Bubble Buster of 100 GW Solar Power Target

Govt to reduce the safeguard duty as it realizes that Imposing of safe guard duty to the extent of 70% will inflate the cost of solar projects significantly making the profit margin of developer shrink beyond the viable limit and inflated project cost will reflect on the tariff making solar power less appealing to DISCOM’s, this will hinder the ambitious 100 GW solar target.

Govt needs to maintain a balance so that domestic manufacturing market prospers but not at the cost of afflicting unviability on upcoming and ongoing solar projects.