Solar Module Duty ALMM Deadline
POWER & RENEWABLE ENERGY

Solar Module Duty ALMM Deadline

The deadline for the Safeguard Duty (SGD) and the Basic Customs Duty (BCD) exemptions under the Advanced License Manufacturing Mechanism (ALMM) for solar modules might not be extended beyond March 31, as per industry sources. The ALMM scheme, initiated to promote domestic solar manufacturing, has provided a lifeline to the solar industry, aiding in cost reduction and increasing competitiveness against imported modules. However, uncertainties loom over its continuation post the looming deadline.

Under the ALMM, solar developers in India can import equipment duty-free, aiding in the expansion of renewable energy infrastructure across the nation. This exemption from duties on certain solar components has been instrumental in driving down project costs, making solar energy more accessible and economically viable for both developers and end consumers.

The impending conclusion of the ALMM scheme raises concerns within the solar industry. Without the continuation of duty exemptions, developers fear a potential surge in project costs, which could slow down the growth momentum of the sector. Moreover, uncertainties regarding the future policy framework add to the apprehensions, creating a challenging environment for stakeholders.

Industry players have been advocating for the extension of the ALMM deadline, emphasizing the need for policy stability to sustain the growth trajectory of the solar sector. The government's decision on the matter will significantly impact the pace of solar capacity addition in the country and its ability to achieve renewable energy targets.

Furthermore, the outcome of ongoing trade negotiations and geopolitical developments may also influence the government's stance on solar module duties and related policies. With the renewable energy sector poised for exponential growth, maintaining a conducive policy environment is imperative to harnessing its full potential and ensuring energy security for the nation.

In conclusion, the impending deadline for solar module duty exemptions under the ALMM scheme poses challenges for India's renewable energy ambitions. The government's decision on extending these incentives beyond March 31 will shape the future trajectory of the solar industry and its contribution to India's energy transition.

The deadline for the Safeguard Duty (SGD) and the Basic Customs Duty (BCD) exemptions under the Advanced License Manufacturing Mechanism (ALMM) for solar modules might not be extended beyond March 31, as per industry sources. The ALMM scheme, initiated to promote domestic solar manufacturing, has provided a lifeline to the solar industry, aiding in cost reduction and increasing competitiveness against imported modules. However, uncertainties loom over its continuation post the looming deadline. Under the ALMM, solar developers in India can import equipment duty-free, aiding in the expansion of renewable energy infrastructure across the nation. This exemption from duties on certain solar components has been instrumental in driving down project costs, making solar energy more accessible and economically viable for both developers and end consumers. The impending conclusion of the ALMM scheme raises concerns within the solar industry. Without the continuation of duty exemptions, developers fear a potential surge in project costs, which could slow down the growth momentum of the sector. Moreover, uncertainties regarding the future policy framework add to the apprehensions, creating a challenging environment for stakeholders. Industry players have been advocating for the extension of the ALMM deadline, emphasizing the need for policy stability to sustain the growth trajectory of the solar sector. The government's decision on the matter will significantly impact the pace of solar capacity addition in the country and its ability to achieve renewable energy targets. Furthermore, the outcome of ongoing trade negotiations and geopolitical developments may also influence the government's stance on solar module duties and related policies. With the renewable energy sector poised for exponential growth, maintaining a conducive policy environment is imperative to harnessing its full potential and ensuring energy security for the nation. In conclusion, the impending deadline for solar module duty exemptions under the ALMM scheme poses challenges for India's renewable energy ambitions. The government's decision on extending these incentives beyond March 31 will shape the future trajectory of the solar industry and its contribution to India's energy transition.

Next Story
Infrastructure Urban

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Next Story
Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Next Story
Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement