MNRE’s decision to extend ALMM to ingots and wafers marks a watershed moment in India’s solar journey. At Saatvik, we have long championed the belief that true energy independence begins upstream from wafers, not just modules. This policy vindicates the foresight of companies that invested early in integrated, end-to-end domestic manufacturing. It is more than a regulatory change; it is a bold affirmation that India is determined to own its solar supply chain, cut import dependencies, and generate high-quality manufacturing jobs at scale. Saatvik welcomes this move as a decisive step toward building a resilient, self-reliant solar ecosystem that powers India’s future.

Prashant Mathur, CEO, Saatvik Green Energy Limited