educratsweb logo


Power Minister informs about the proposal to impose Basic Custom Duty (BCD) beginning August, 2020 on solar modules, solar cells and solar inverters.

Shri R.K. Singh, Union Minister of Power, New and Renewable Energy and Skill Development and Entrepreneurship (IC) interacted today through video conferencing with developers of generation and transmission projects in Power and Renewable Energy sector. The Union Power Minister emphasized the importance of the movement for ‘Aatmanirbhar Bharat’ in order to promote manufacturing of goods and services in India and to create jobs.

The Power Minister pointed out that from the data on item-wise quantum of imports in power sector given by DGCI (Directorate General of Commercial Intelligence), Department of Commerce it is seen that many equipment like transmission line towers, conductors, industrial electronics, capacitors, transformers, cables and insulators and fittings etc. in respect of which domestic manufacturing capacity exists, are still being imported. It was emphasised that for promoting Make in India and reducing import dependency, it is essential that developers in the Transmission, Thermal, Hydro, Distribution, Renewables need to join the national campaign of ‘Aatmanirbhar Bharat’ and wholeheartedly adopt the ‘Make in India’ policy of Government of India.

Shri Singh pointed out that Power is a  sensitive and strategically important sector, as all our communications, manufacturing, data management and all essential services depend on power supply and any malware may bring down the system. Therefore, ‘Aatmanirbhar Bharat’ has a much higher level of significance for Power sector. Accordingly, he urged all the Developers to take the following pledge:-

 

    • Not to import any equipment/materials/goods in respect of which there is sufficient domestic capacity.

 

    • In respect of goods and services wherein domestic capacity is not available and that import is inevitable then it should be allowed only for a fixed timeframe of 2-3 years during which indigenous manufacturing of these items would be developed by an enabling policy/tax incentives/start-ups/vendor development/R&D support so that in the next 2-3 years all these items get domestically manufactured.  Till such time goods so imported shall be tested in Indian laboratories for adhering to Indian standards and also to check the presence of malware.

 

    • In respect of equipments/items required to be imported, the import of such equipments/items from prior reference countries shall be done only after obtaining prior approval of Ministry of Power/Ministry of MNRE.

The Union Minister emphasized that Power is critical infrastructure for development of our country. Everything, including, communication, data services, health services, logistics, defence manufacturing etc. depends on power sector. Therefore, there is a need to reduce dependency on import in the power sector in order to protect safety and security of our country.

The Union Minister further informed the meeting of the Ministry’s proposal to impose Basic Custom Duty (BCD) beginning August, 2020 on solar modules, solar cells and solar inverters.  He said that a clear trajectory of BCD would be declared so that there is no uncertainty about government policy.  Further, the approved list of models and manufacturers in respect of Renewable Energy will be made effective from October 1, 2020 as declared earlier. This will ensure that all solar power projects which are bid out as per the standard bidding guidelines will be required to procure solar cells and solar modules and other equipment from manufacturers figuring in the approved list. In addition, financing from Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and  Indian Renewable Energy Development Agency (IREDA) will be structured in such a manner that lower rates of interest will be charged on the developers who will use domestically manufactured equipments.

He  also mentioned recent constitution of an FDI Cell and a Project Development Cell in the Ministries of Power & NRE.  The FDI Cell will vet proposals for investment from countries that shares borders with India.  The Project Development Cell will hand-hold investible projects so that the process of investment is accelerated. He further informed the meeting that the practice of issuing concessional custom certificates for certain import items in the RE sector will be discontinued from a date that will be specified separately.

During the interaction with the Union Minister, the developers made important suggestions to strengthen domestic manufacturing of power sector equipments in India in the entire value chain, which, inter-alia, include the need for policy certainty, suitable regime for facilitating import of capital goods required for manufacturing of power equipments and the need for availability of finance and power to the manufacturers at competitive rates. They also emphasized the need for clarity on the new and old investments, encouraging the R&D efforts and maintaining the sanctity of contracts. Some of the developers also emphasized that import of critical equipment required for maintenance and overhaul of the existing projects needs to be allowed till such a time the domestic manufacturing capacity for the same is put in place.

The developers from Generation and Transmission side, including developers in the renewable energy sector and also Industry Associations like CII, FICCI, PHD Chamber, Solar and Wind manufacturers echoed with enthusiasm their pledge to contribute to the domestic manufacturing by unanimously and wholeheartedly supporting the idea of ‘Make in India’ and ‘Aatmanirbhar Bharat’ to reduce the dependency on imports and agreed to abide by the pledge suggested by the Union Minister.

The Minister assured the industry participants that  suggestions made by them in respect of existing projects, availability of easy credit, etc. will be carefully examined.  He directed Secretary, Power & Secretary, MNRE, to look into the concerns of the industry participants.

https://pib.gov.in/PressReleseDetailm.aspx?PRID=1633752

Power Minister informs about the proposal to impose Basic Custom Duty (BCD) beginning August, 2020 on solar modules, solar cells and solar inverters.
Contents shared By educratsweb.com

Martial Arts for Beginners – Lesson 1 / Basic Karate Kid Techniques #Educational - Published on Friday July 10 2020
if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST
1 List of Holidays - 2019: Gazetted Leave - Central Government Employees Calendar
2 Simba Movie trailer Download | Talented India 
3 Fake board issuing Class XII passed certificate to students without appearing exam - SSUM
4 Science Popularisation in West Bengal during 2018 - 2019
5 Railways to recruit 2.3 lakh people over next two years
6 CBSE to increase questions with internal choice in class 10, 12 board exams 2019
7 EPMUY 2 scheme launched
8 Share your ideas for PM Narendra Modi 51st Mann Ki Baat on 30th December 2018
9 For students, chance to meet PM Modi comes with a quiz on cleanliness
10 After Swachh Bharat, in the pipeline: Jal Shakti, Nal Se Jal for all
11 Govt proposes to merge Dena Bank, Vijaya Bank and Bank of Baroda
12 Mann Ki Baat 2.0 | Programme on All India Radio (30.06.2019)
13 आरबीआई दे रहा नौकरी का सुनहरा मौका
14 Cabinet Ministers of India 2019
15 Chief Minister, Himachal Pradesh Launches Mobile App for Drug Free Himachal
16 RRB recruitment exams to be conducted in 13 regional languages
17 Govt launches Jal Shakti Abhiyan for water conservation
18 Govt launches Jal Shakti Abhiyan to create awareness on water conservation
19 10% Quota For Economically Weak In General Category Cleared: 10 Points
20 UIDAI Stops Digital Wallets
21 Special status ends: J&K now a Union Territory with Assembly; Ladakh a separate UT
22 Jio Celebrations Pack | Daily 2 GB Free
23
24 शिवराज का मप्र की राजनीति से अध्याय खत्म
25 Petrol Prices Near 90 Rupees In Mumbai, Above 80 Rupees In Other Metros
26 PhonePe Scratch Card Offers - Chance to Earn Rs. 1000 Per Money Transfer
27 Me Too movement
28 You can soon order liquor online and get it home delivered
29 IPL auction: Learn base price of players
30 CG Vyapam Recruitment 2019 : कई पदों पर भर्तियां
31 TCS switches to online test to recruit engineering graduates
32 Google deletes 22 Android apps with hidden virus, check this list to see and ensure they are not in your phone
33 Prime Minister Shri Narendra Modi will be holding the 5th meeting with State Chief Ministers via video-conference on 11th May, 2020 at 3 PM.
34 Central contractual employees to get paid like regular staff: Report
35 Success of Digital India Initiatives a Hope for Poor and Developing Countries: Secretary General of the Commonwealth
36 Get the help to Find Land or Bhu Naksha UP by Digital Portal
37 How to Achieve the Common Core with Tech: Writing Strand
38 राष्ट्रीय स्वास्थ्य मिशन उत्तर प्रदेश भर्ती 2020
39 Epds bihar
40 Shri Arjun Munda launches tribes India products on GeM and new website of TRIFED through video conference
41 हाउसिंग अफेयर्स रियल एस्टेट पोर्टल 2020
42 Text of PM's address to the nation
43 Aadhaar, voter ID card, passport not proof of citizenship: Government officials
44 Modi govt launches PM CARES Fund! Donate to help India fight Covid-19, get tax-benefit too
45 Appeal to generously donate to Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)
46 CAIT to launch national e-commerce marketplace Bharatmarket for retail traders
47 Check Pradhanmantri UP Berojgar Bhatta Yojana 2020
48 English Rendering of Prime Minister Shri Narendra Modi’s Address to the Nation on 12.5.2020
49 Tracking Severe Cyclonic Storm ‘AMPHAN’ (at 2030 Hrs IST)
50 On directions of the Prime Minister, Home Ministry approves release of Rs 11,092 crores under State Disaster Risk Management Fund to All States
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

http://educratsweb(dot)com http://educratsweb.com/content.php?id=2711 http://educratsweb.com educratsweb.com educratsweb