Govt adds ingots, wafers to ALMM to boost domestic production
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New Delhi: The government's move to extend ALMM to include ingots and wafers will allow domestic players to control the solar manufacturing chain and reduce import dependence, industry players said.
On March 18, the Union Ministry of New and Renewable Energy (MNRE) announced including ingots and wafers into the Approved List of Models and Manufacturers (ALMM) -- which was limited modules and cells earlier -- to strengthen local solar manufacturing ecosystem and its usage in the domestic market.
A solar panel requires modules that contain cells, and cell manufacturing needs ingot for which wafer is necessary.
The government has been continuously pushing the local industry to manufacture all components in India for its local application.
Sharing views, renewable energy industry players said a complete value chain developed in India will not only boost investments and reduce dependency on imports.
Terming it a "smart move", Sameer Gupta, the Chairman of diversified Jakson Group, said the extension finally lets Indian players control the full chain solar manufacturing.
