On May 27, 2024, the Ministry of New and Renewable Energy issued office memorandums announcing a significant policy shift in relation to Green Hydrogen regime in India. Renewable energy power plants l...
Over the last couple of decades, there has been a concerted push by the Government to enhance India’s renewable energy capacity. With the focus to gradually shift from fossil fuel to clean energy for attaining sustainable development and growth, various green projects/schemes have been released by the Government and it continues to do so. One such project is the “Muft Bijli Yojana” or as one may call it “Rooftop Solarisation Scheme”. This article delves into the evolving dynamics of the solar manufacturing industry in India and how we went from being heavily dependent on imports to the present manufacturing landscape, which is largely a mix of imports plus domestic production. This article also discusses the tax implications and changes that are possible in this industry with demand rising from requirement of solar rooftops.
