Solar Module Imports Jump by 210% YoY to 10 GW in the First Quarter Before BCD Takes Effect
Developers imported large quantities of modules before BCD imposition
April 25, 2022
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Indian solar developers have procured 9.7 GW of solar modules in the first quarter (Q1) of 2022 and stockpiled them ahead of Basic Customs Duty (BCD) on solar cells and modules, which took effect in April 1. Imports surged by 210% year-over-year compared to 3.13 GW imported in Q1 2021.