India's 87% solar cell imports from China in Apr-Sept: Goyal

Image
Press Trust of India New Delhi
Last Updated : Dec 08 2016 | 4:57 PM IST
India imported solar and photovoltaic cells worth about USD 826 million from China in the first six months of the current fiscal, which is over 87 per cent of the country's total such imports.
India's total imports of these cells were worth USD 948.88 million, including USD 825.98 million from China, constituting 87.05 per cent, during the April-September period of 2016-17, New & Renewable Energy Minister Piyush Goyal stated in a written reply to Lok Sabha today.
India had imported USD 2,344.56 million worth of cells last fiscal, out of which USD 1,960.26 million was from China constituting 83.61 per cent of the total.
In 2014-15, the proportion of solar and photovoltaic cells imports from China was 73.49 per cent of the total imports at USD 603.34 million. India imported solar cells and photovoltaic cells worth USD 820.95 million in that fiscal.
Goyal informed the house that India does not have enough manufacturing capacity currently for cells and modules to cover its full demand.
He further said that the development of solar power in the country is taking place with indigenous as well as imported solar equipment and components.
In order to make National Solar Mission (NSM) a success, he said, the government has launched several schemes and is providing benefits to indigenous manufacturers including concessional excise and custom duties.
It is also providing capital subsidy for setting up of manufacturing units for solar cells and modules and the entire value chain under Modified Special Incentive Package Scheme (M-SIPS) programme of Ministry of Electronics and Information Technology.
"The government is supporting domestic solar PV manufacturing by various means and incentives. However, there is no exclusive national policy to develop indigenous solar power manufacturing in the country," Goyal said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2016 | 4:57 PM IST

Next Story