India may cut its import taxes on solar panels in half and is seeking a rollback in goods and services taxes on the devices to make up a shortfall in local output amid rising demand for renewable energy, three government sources said.
India’s renewable energy ministry has held talks with the finance ministry to approve its request to cut the import tax on solar panels from 40 per cent to 20 per cent, said the three sources, who declined to be identified as the decision has not yet been finalised.
