The recent reforms to the ‘Approved List of Models and Manufacturers for Solar Photovoltaic Modules’ (ALMM) by MNRE should significantly impact the solar manufacturing industry. With an 80 per cent reduction in application fees and relaxed time constraints, domestic manufacturers will be encouraged to enter the market. This could increase domestic manufacturing capabilities, introduce a wider range of module options, and generate more employment opportunities.
Will these reduced application fees and streamlined enlisting procedures entice foreign manufacturers to start operations nationwide?
How might such steps eventually contribute to increasing industry competition and aid in lowering module prices?