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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?