India’s 2018/19 budget has proposed changing customs duty on imports of solar glass from 5% to nil, but the overall renewables sector has been largely ignored.
India’s 100GW solar target is under threat from remedial action against imports of solar modules, unless a range of recommended solutions are considered, according to a letter from the Indian Solar Association to the Finance Ministry.
Plans for a major financial package to support India’s domestic PV manufacturers have been cancelled by the Indian government in order to be reshaped for the current state of the industry, according to a source close to the issue.
A joint investment of £240 million has been unveiled by the UK and Indian governments to encourage investment into India’s rapidly growing energy and renewables market and deepen trading ties between the two countries.
A levy, or cess, on coal and other fossil fuels in India will be doubled from INR200 (US$2.93) per tonne to INR400 per tonne, under the latest Budget announced today by minister of finance Arun Jaitley.
