E-MAIL FOR SPONSORSHIP

Coronavirus to be Covered Under Force Majeure Clause, Says Ministry of Finance

The deadly virus has killed thousands in the world’s biggest solar market - China

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Amid the increasing doubt on the supply chains due to the spread of deadly coronavirus in China, the Ministry of Finance (Department of Expenditure Procurement Policy Division) has issued a clarification that coronavirus will be covered in the force majeure clause (FMC) and should be considered as a case of natural calamity. Further, the ministry has stated that this clause can be invoked wherever appropriate.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

Unlimited article access
Exclusive market insights
Premium research reports
Ad-free reading experience
Loading subscription plans...

Comments

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS