In the previous article, we discussed the gaps in key areas that hamper the sustained growth of India’s solar PV market. In this article, we shift our focus to two critical aspects that are influencing the sector - ALMM and BCD.
The temporary exemption of the ALMM mandate for FY 2023–2024 is a positive step for the solar industry, providing relief to manufacturers and project developers. However, promoting domestic manufacturing and ensuring the success of ongoing solar projects remain essential. The introduction of ALMM and BCD should coincide with the domestic PV market reaching its full potential to hasten the industry’s growth and produce world-class companies.
In our final article of the series on solar photovoltaics in India, we will delve into the technological progress made, challenges, and opportunities.