Author: Manu Tayal, Saur Energy International
Undoubtedly, the most important economic event of the year going to take place on February 01, 2020, when the Finance Minister Nirmala Sitharaman tabled her second Union Budget in the Parliament. It is widely expected that the main focus of the Narendra Modi 2.0 government will be on again kick starting the engine of economic growth, which have dampened many years low.
According to Mr. K.R. Harinarayan, Founder and CEO, U-Solar Clean Energy Solutions Pvt. Ltd: “Given the pressure on the government to raise revenue and reduce subsidies, we don’t expect any special incentive for the Solar Sector this year. In any case, the Solar Sector is able to stand on its own feet without the need for incentives. There is some talk of the government wanting to impose Customs Duty on solar panels and cells; this will dampen the solar sector which is already facing an onslaught from various state regulators as solar power is competing effectively with the grid. We hope the government does not resort to importing fresh duties on the sector.”
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