Vinay Goyal, CEO, Ganges Internationale Pvt Ltd
Our industry (mounting structures) is dependent on a lot of other majors like steel manufacturers, solar component developers etc, so there is not much we could look out from the budget. However, a few points which will be helpful to our business are:
1. The rooftop market has just crossed 1 GW as of December 2016 out of 40 GW which was planned by GOI to be executed by 2022. This requires serious intervention and a different approach to match the target. The government should look at introducing direct tax benefits for installing solar rooftops for salaried middle and lower income group which will encourage people to follow the trend and install solar.
2. Incentives in the form of capital subsidies could be a better approach for nonsalaried groups or farmers who are dependent on their small businesses.
3. There are a lot of people who face difficulties in arranging quick money so the government should also look at providing access to low cost finance with low or nil interest rates. This might help people become independent and become selfpower generators.
The above steps will help and encourage a lot of people to enjoy 24x7 power supply and would help GOI get closer to the planned targets.
4. Lastly, extending the grid in rural and semi-rural places without any hurdles linked with uniform framework for net-metering or gross-metering policy will improve the overall condition of the solar sector.