With the Union Budget approaching on February 28, industries have put forth their wishlists. Here is what the renewable energy industry wants:
- Revitalise Renewable Energy Certificates market to provide better market access to power producers in view of Government’s commitment to add 100 GW of installed capacity of renewable energy by 2017.
- Exempt raw materials utilised for manufacturing (exempt) components / parts of solar power generating equipment to address inverted duty structure in solar thermal / photovoltaic value chain.
- Exempt domestically manufactured products such as Solar PV cells / Solar PV modules, Solar SPV systems, from VAT / CST.
- Tax exemptions for development of common infrastructure for Integrated Solar Manufacturing Hubs.