Solar energy is increasing rapidly in the country
Domestic renewable energy industry players say the India-US trade deal is a positive step towards restoring stability in global trade and strengthening the long-term supply relationship between the two countries. Speaking on the deal, renewable energy sector players said the improved tariff regime will help them reevaluate export strategies and promote a strong long-term supply chain partnership between India and the United States. Let us also tell you what the renewable energy sector players have to say about this.
Solar energy will get a boost
Jackson Group Chairman Sameer Gupta said that the recent India-US trade agreement is a positive step for Indian businesses towards restoring stability and predictability in global trade. Reciprocal tariff reduction improves export competitiveness and gives companies more clarity in planning long-term investments and expanding operations; Rohit Chandra, Co-Founder and CEO, OMC Power, said that for the solar sector, rationalizing tariffs to 18 percent is an important positive step, which will improve price competition and make market access in the US more clear and predictable. He further said that this step will significantly increase the demand from Indian solar makers, boost exports and strengthen the long-term supply relationship between the two countries.
India’s role will be stronger
Ishwar Dholakia, Founder and MD, Goldie Solar, said that at a time when global demand for clean energy solutions is growing rapidly, this agreement puts Indian solar sector players in a strong position to achieve growth and strengthen India’s role as a trusted clean energy partner for the world. INOXGFL Group Executive Director Devansh Jain said India’s tariff reduction to 18 per cent is especially important for the clean energy ecosystem, which also includes solar energy production. This will increase India’s competitiveness in the American market and strengthen the country’s long-term growth and export capacity.