The Ministry of New and Renewable Energy (MNRE) has recently unveiled significant reforms in the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic modules. These reforms aim to streamline processes, reduce costs, and enhance the ease of doing business in the solar energy sector.
One of the key reforms includes an impressive 80% reduction in the application fee for ALMM. This reduction will provide financial relief to manufacturers seeking enlistment on the list. Furthermore, inspection fees have been substantially reduced, with some cases experiencing cuts as high as 70%. Manufacturers will also have the flexibility to withdraw their applications before factory inspections, receiving a refund of 90% of the application fee.
To promote efficiency, the validity period of ALMM enlistment has been extended from two years to four years. Additionally, the time limit for factory enlistment and final enlistment has been reduced to a mere two months. Failure to meet this deadline will result in deemed enlistment.
B. S. Bhalla, Secretary at MNRE, emphasized that these reforms are designed to enhance the ease of doing business in the sector. By easing ALMM charges and regulations, the ministry aims to reduce the compliance burden and alleviate financial burdens incurred during the various listing processes.
These reforms are expected to have a positive impact on the solar industry by fostering a more conducive business environment. The simplified approval process will encourage manufacturers to invest in solar module production, thereby boosting the growth of renewable energy in the country.
The MNRE’s latest initiatives align with India’s commitment to achieving its renewable energy targets and position the country as a global leader in the transition towards clean and sustainable energy sources.
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