Reaction on Budget 2022 boosts allocation to solar PLI scheme from Mr Ashwani Sehgal, President, Indian Solar Manufacturers Association (ISMA) – EQ Mag Pro

During the recent Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman announced an additional allocation of Rs 19,500 crore to augment solar PV module manufacturing under the production linked incentive (PLI) scheme.

Mr Ashwani Sehgal, President, Indian Solar Manufacturers Association (ISMA) said on the allocation, “ndian Solar Manufacturers Association (ISMA) welcomes the government’s initiative of imposing 40 percent Basic Custom Duty (BCD) on solar panel and 25 percent on solar cells.

ISMA, expresses grateful thanks to the government for giving a level playing field to Indian industry and assuring the government of whole hearted and robust participation by Indian industry in the Atmanirbhar Barat initiative announced by our respected Prime Minister, while assuring complete commitment to achieving the goal of solarization as announced by the government”.

“Indian Solar Manufacturers Association (ISMA) welcomes the government’s initiative of imposing 40 percent Basic Custom Duty (BCD) on solar panel and 25 percent on solar cells.