India will lose nearly Rs 50,000 crore in foreign exchange
- 4 years ago
The All India Solar Industries Association (AISIA) has said that India will lose
nearly Rs 50,000 crore in foreign exchange if solar developers are given
exemption from basic customs duty on Chinese imports
AISIA Chairman Hitesh Doshi said that they are happy that the government is
taking measures to promote domestic manufacturing. But at the same time, it
will have to also address the challenges which the domestic manufacturers are
facing currently due to lack of clarity on policy front and delay in
implementation of duties, amongst others.
Doshi also added that The government's decision on the "pass through" clause
will adversely impact domestic manufacturers as they will have no orders for
the next 2-3 years. Already the COVID crisis has affected the manufacturers
and this will add to their woes.
Doshi further noted that in the absence of the support from the government,
not only will expansion capacities fail to take off, the existing domestic solar
manufacturing industry will also come to a standstill and cease to exist with
more and more companies becoming bankrupt.
nearly Rs 50,000 crore in foreign exchange if solar developers are given
exemption from basic customs duty on Chinese imports
AISIA Chairman Hitesh Doshi said that they are happy that the government is
taking measures to promote domestic manufacturing. But at the same time, it
will have to also address the challenges which the domestic manufacturers are
facing currently due to lack of clarity on policy front and delay in
implementation of duties, amongst others.
Doshi also added that The government's decision on the "pass through" clause
will adversely impact domestic manufacturers as they will have no orders for
the next 2-3 years. Already the COVID crisis has affected the manufacturers
and this will add to their woes.
Doshi further noted that in the absence of the support from the government,
not only will expansion capacities fail to take off, the existing domestic solar
manufacturing industry will also come to a standstill and cease to exist with
more and more companies becoming bankrupt.