Atmanirbhar Bharat: Govt focuses on local manufacturing of solar equipments; firms plan to scale up capacities

As the government trains its focus on local manufacturing of solar power equipment as part of its strategy to make an ‘Atmanirbhar Bharat’, Indian solar equipment manufacturers are toeing the line and scaling up capacities. Some of the firms that FE spoke to have revealed plans to add over 4-5 giga watts (GW) of new capacities each, over the next 2-3 years.

The government is planning to introduce a basic customs duty — starting 20% or thereabouts and designed to increase further to 30-35% — from August this year to safeguard the domestic manufacturers’ interests. This is in sync with calls to make India self-dependent.