The implementation of the ALMM (The Approved List of Models and Manufacturers) mandate is crucial to protect INR 53,773 crore of investments that India would require over the next 3-4 years to indigenize the domestic solar manufacturing value chain, say manufacturers.
All stakeholders are expecting the Indian Renewable Energy Development Agency Limited (IREDA) to expedite and issue letters of award to balance companies that have bid under the production-linked incentive (PLI) scheme for solar. Most players have already acquired land and some have even done the land development work and basic construction in anticipation of the award pending for the last three months.
Indian solar manufacturers have cried foul over a system which exempts imported panels from yet-to-be-announced tax regimes but offers no such protection to domestic products.
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