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India's plan to lift curbs on solar imports to hit local production

Officials are considering a relaxation of rules for the next two years that restrict imports from China and other foreign producers, because local plants can't keep up with rising demand

Photo: Bloomberg
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Photo: Bloomberg

Rajesh Kumar Singh | Bloomberg
India’s plan to lift a key trade barrier on solar modules will deliver a blow to the nation’s ambition of quickly expanding local production, according to domestic manufacturers.

Officials are considering a relaxation of rules for the next two years that restrict imports from China and other foreign producers, because local plants can’t keep up with rising demand.

The proposal risks stalling efforts by Indian companies to expand local production, a step that’s seen as crucial to meet Prime Minister Narendra Modi’s targets to both raise the use of renewable energy and encourage more manufacturing under his “Make in India”

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First Published: Feb 16 2023 | 2:54 PM IST

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