We have always maintained that tighter regulations is not good for the industry.

80% of PV module (end-product) manufacturers depend on Chinese cells (raw material). 25% BCD on these cells will have the following impact :

1. Indian module manufacturers will become expensive and uncompetitive in global markets. Exports will go down.
2. Indian solar projects will become expensive by about 20% as PV modules form 65% of the project cost.
3. Solar tariff will rise by approximately INR 1.0 to INR 1.2 per kWh.

Another article on the subject :

https://mercomindia.com/bcd-favor-solar-manufacturers/