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Import duty on Green Energy Equipment Increased by 20%

Mahesh Kumar May 23rd, 2020 03:18 pm Leave a comment

Finance Minister Nirmala Sitharaman has increased the import duty of green energy equipment like cells by 20% in the Budget 2020-21. The aim is to drive local manufacturing of the equipment and lowering the import of low-quality Chinese equipment.

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Currently, India is the third-largest consumer of energy after US and China. The manufacturing capacity of India as of now is 3 GW for solar cells.

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Finance Minister Of India: Nirmala Sitharaman

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Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.