MUMBAI : India’s renewable energy ministry has proposed imposing customs duty on some solar power equipment starting Aug.
1 as part of the country’s goal of becoming self-sufficient, the Press Information Bureau said in a statement.The ministry has proposed taxing imports of solar cells, modules and inverters starting August, the statement said, citing power minister Raj Kumar Singh’s interaction with the industry.
The decision comes amid recent border skirmishes with China, which accounts for nearly 80% of module supplies in the country.Indian Prime Minister Narendra Modi gave a call for self-reliance, echoing a global sentiment to diversify supply chains in the post-pandemic world.
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