Mr. Prashant Mathur, CEO of Saatvik Green Energy,

“The U.S. decision to reduce tariffs on Indian goods from 25% to 18%, along with the elimination of the additional punitive levy, represents a strategic turning point for the solar sector, rather than just a routine policy change.”

He noted that “India’s solar exports, which include solar cells and solar modules, have already reached billions of dollars, making the United States our most important foreign market.” The seven-percentage-point reduction in tariffs significantly enhances the cost-competitiveness of Indian-made solar cells and modules. This improvement will make projects more profitable for U.S. developers and create a substantial new demand for high-efficiency, Made-in-India products in the coming years.

“This change also strengthens the case for supply chains that are open and reliable. It alleviates long-standing concerns about Chinese producers circumventing tariffs and positions India as a credible and dependable alternative manufacturing base that aligns with U.S. trade and industrial objectives. For companies like Saatvik, this transforms the U.S. market from being high-risk to one full of opportunities, emphasizing the need to accelerate investments, upgrade technology, and establish long-term, bankable partnerships with American utilities and developers.”