Import duty exemption on solar goods to reduce project costs by up to 5 per cent

The Indian government has announced an exemption from import duties on solar equipment, including modules, cells, and inverters, to support the country's solar energy projects. This policy aims to cut project costs by up to 5%, fostering increased investment in renewable energy. The exemption is part of a broader strategy to accelerate the transition to solar power and meet sustainability goals. By reducing costs for solar projects, the policy is expected to stimulate growth in the renewable energy sector and improve the overall affordability of solar energy.