India’s solar equipment imports fall in April-October 2020

India’s import of solar equipment such as photovoltaic cells, panels and modules fell by about 79 per cent in April-October 2020 as compared to the same period previous year.

The value of solar imports for the seven-month period from April-October this year stood at about Rs 18.39 billion while it was at about Rs 89.12 billion in the same period last year. The key reasons for the fall in imports has been the Covid 19 pandemic, which slowed down the capacity addition, and labour shortages which delayed project execution as a result of which the imports were put on hold.