India is considering incentives to accelerate floating solar panel installations, aiming to distribute renewable generation beyond a handful of states. The move is part of a broader push to expand renewable capacity and battery storage by 2050 while supporting domestic manufacturing of solar components. Officials are also tackling renewable curtailment and strengthening grid infrastructure.
India’s FDI fast track has been updated with a new SOP covering 40 sub-sectors, including strategic areas like rare earths and PCB-linked activities. The government is also issuing reporting guidelines for investments in India where the investor has direct or indirect ownership connections to citizens or entities from countries sharing a land border with India.
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India has announced faster processing of FDI proposals from China and other land-bordering nations by designating 40 manufacturing sub-sectors for clearance within 60 days. The list includes rare earth magnets and electronics, aiming to accelerate domestic production. Despite quicker approvals, Indian citizens must retain majority ownership and control, alongside new reporting guidelines for these investments.
DPIIT has rolled out an updated Standard Operating Procedure for processing Foreign Direct Investment proposals, aiming to make outcomes faster and more predictable. Under the new framework, decisions are expected within 12 weeks, excluding time taken by applicants to respond. The entire workflow is paperless, and investments from border countries are routed to the Ministry of External Affairs.
India’s Finance Ministry is preparing discussions over customs warehousing benefits under the MOOWR scheme for imported battery storage systems. Industry groups warn the policy could tilt the market against domestic players, prompting concerns about misuse and gaps in implementation. The government plans consultations with the power and renewable energy ministries before deciding how the move fits energy security goals.
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