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Solar industry gets a push in Jaitley’s maiden budget

According to reports, the solar power industry has welcomed the ‘high priority’ accorded to the renewable energy sector in Budget 2014-15, but Tata Power Solar begged to differ saying it failed to address the issue of higher duty for components.

“We feel that the Budget has missed to provide due importance to solar, considering the potential and bigger role it has to play in meeting India’s energy demand compared to other energy sources,” Ajay Goel, Member, Indian Solar Manufacturers Association and CEO, Tata Power Solar said.

“Some of the key areas pertaining which require immediate attention include matters pertaining to inverted duty structure for solar components and concessional financing for manufacturing,” Mr Goel said.

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