Our current policy makers are earning quite the reputation with their shock and awe tactics. Of course the overnight demonetization in November 2016 will go down in history books as something that de-stabilized our economy and brought life to a general stand still.
Frustratingly, our policy makers are using the same abruptness across various sectors.
Speaking specifically of the solar industry and MNRE- take for example, various roof-top subsidy policies that were running in states such as Delhi and Punjab. Delhi’s IPGCL had empanelled vendors until 30th June 2018 plus an additional 6 months for project execution. Punjab’s PEDA’s empanellment was to be until 24th September. However, a crisp mail was received by vendors in the third week of June that empanellment would be truncated on 30th June. No consideration for the lakhs that solar companies had invested in bank guarantees for these tenders and the advances that consumers had paid for subsidized installation.
No discussion, no debate- just a half page order from MNRE.
A more recent, anticipated, policy may just be the final nail in the coffin for many in the Indian Solar industry. In the name of protecting domestic solar panel manufacturers, there are murmurs that the DG (Safeguards) may abruptly implement a 30-40% safeguard import duty on solar cells and panels. This rumor was relayed to the writer on July 11th, and implementation is expected as soon as July 25th.