India ’s Solar Power Energy Association has warned against the imposition of a mandatory two - tier 25 % safeguard on solar equipment , and said it would put 27 crore of projects and INR one lakh crore ( around $ 15bn ) of investment at risk . CEO of solar , Gagan Vermani , said India was better off with a " lower cost of solar energy rather than local solar manufacturing jobs " , citing the lack of access to electricity for the majority of the population and more jobs in the solar downstream sector . In January , the Directorate General of Safeguards proposed a 25 % guarantee for local solar manufacturers .
India’s Solar Power Developers Association has warned against the imposition of a proposed two-year 25% safeguard on solar equipment, and said it would put 27 GW of projects and INR one lakh crore (around $15bn) of investment at risk. CEO of Mysun, Gagan Vermani, said India was better off with a "lower cost of solar energy rather than local solar manufacturing jobs", citing the lack of access to electricity for the majority of the population and more jobs in the solar downstream sector. In January, the Directorate General of Safeguards proposed a 70% safeguard for local solar manufacturers.