Renewable sector players submitted that there are a number of policy decisions related to import duties and domestic manufacturing, which, if taken, could further boost the sector.
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The opinion comes despite growing budgetary allocation to the Ministry of New and Renewable Energy (MNRE) over the years.
The Centre had allocated Rs 5,472.8 crore to MNRE in last year’s Budget and approved demand for grants for Rs 10,814.5 crore.
At the same time, renewable energy generation had grown significantly over the years, touching 70,134.4 million units in the April-November 2017 period.
However, industry players said achieving the target of 175 GW of renewable energy capacity and generation by 2022 requires a lot more to be done than simply increasing Budgetary allocation.
Other than the budgetary allocations, Industry seeking Incentives for imported solar panels rather than making them more expensive through ‘crippling duties.
Apart from these, there are various aspects related to tax structure that can be modified to help the sector.
Another aspect of solar installations is the solar thermal sector, which has also been suffering from cheaper import of components.
The sector also felt that the Budget could do more for the bioethanol sector as well. “Visàvis the bioethanol space in India.
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