Centre must not lose the vision
While several Government initiatives such as reverse auctions and ultra-mega solar parks successfully catapulted this sector to commendable heights, it is time for the Government to provide another push by working proactively to remove already well-recognised bottlenecks. A consistent policy regime with long-term visibility is a prerequisite to encourage private sector investments, whether domestic or foreign. Unfortunately, even at the Central level, lack of clarity on various aspects such as applicable GST and safeguard duty did actually disrupt the pace that the industry had gathered. As electricity is a concurrent subject between the Centre and States it adds another layer of complexity. A conducive policy environment at the Centre alone is not sufficient unless it is backed by an equally supportive State-level policy framework.