Saatvik Green Energy Limited, one of India’s leading integrated solar manufacturing companies, today hailed the Ministry of New and Renewable Energy’s (MNRE) decision to extend the Approved List of Models and Manufacturers (ALMM) to solar ingots and wafers. The move is seen as a strategic pivot toward achieving true energy independence by strengthening the upstream components of the solar supply chain.
The extension of ALMM—which was previously focused on solar modules—to include ingots and wafers is expected to significantly reduce India’s reliance on imports and encourage end-to-end domestic manufacturing.
Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said: “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,” he added.
By incentivizing the domestic production of ingots and wafers, the policy aligns with India’s broader vision of 'Aatmanirbhar Bharat' in the renewable energy sector, ensuring a more resilient and secure supply chain for the country’s ambitious solar capacity targets.