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
February 20, 2020
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.