“I would like to congratulate Hon’ble FM, Smt Nirmala Sitharaman for presenting her maiden budget. The industry was expecting a policy direction from the government to promote the manufacturing through Make In India program, especially in the renewable energy sector. Government announcement to launch a scheme aimed at encouraging global companies (through competitive bidding process) to set up mega-manufacturing plants in sunrise and advanced technology sectors appears to be a step forward in that direction.
We welcome this move as it will boost the Make in India programme. Having said that, setting up mega manufacturing plants of solar photovoltaic cells and modules require a larger support structure in the form of soft loans, export credits in order to compete globally etc.”