BCD will provide a level playing field to domestic manufacturers: Sumant Sinha, CMD, ReNew Power

Sumant Sinha, CMD ,ReNew Power

The Ministry of New and (MNRE) recently announced imposing (BCD) on imported and modules that will come into effect starting April 1, 2022.  The ministry has imposed 40 % BCD on solar modules and 25% on .

, CMD, ReNew Power sharing his views on the imposition of the BCD said  “The Union Government’s announcement on imposition of on imported and modules will provide a level playing field to domestic manufacturers and give a big boost to the Prime Minister’s vision of an  Aatmanirbhar Bharat.”

He added “The implementation date of April 2022 ensures that already contracted bids are not impacted and players can factor in the new cost of solar cells and modules in the upcoming bids. “