Gautam Solar Sees India–UK FTA as Strategic Opportunity to Expand Global Footprint
The elimination of customs duties on clean energy products, such as solar modules and wind turbines, presents a significant opportunity for Indian manufacturers to export to the UK market with zero duty, says Gautam Mohanka, CEO of Gautam Solar.
July 26, 2025. By Dineshwori
India’s Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynolds signed the Comprehensive Economic Trade Agreement (CETA) on Thursday (July 24, 2025) in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer.
The deal secures unprecedented duty-free access for 99 percent of India’s exports to the UK, covering nearly the entire trade basket.
Gautam Mohanka, CEO of Gautam Solar, stated that the elimination of customs duties on clean energy products, such as solar modules and wind turbines, has created a significant opportunity for Indian manufacturers to export to the United Kingdom market with zero duty.
“At Gautam Solar, we view this as a strategic opportunity to expand our global footprint while supporting the UK in meeting its ambitious net-zero targets,” he said.
Mohanka emphasised that the agreement will permit freer and faster trade flows between India and the UK, while also symbolising the two nations’ shared commitment to speed up the energy transition at a global level.
“This dimension instills greater confidence in Indian manufacturers, increases investment in production capacity, and backs innovation in green technology. The UK, with an increasing demand for clean energy solutions, is now in the best position to utilise India's state-of-the-art cost-efficient solar manufacturing ecosystem.”
“We are excited about the prospects that the FTA has introduced for sustainable trade, investment, and collaboration in the renewable energy space. Gautam Solar is all set to take the lead in powering a cleaner world alongside you,” he added.
India and the UK have also unveiled Vision 2035, a strategic roadmap aimed at strengthening their renewed partnership.
Climate action and clean energy form key pillars of this framework, with both countries pledging to build a transformative climate partnership focused on accelerating clean energy, mobilising climate finance at scale, and strengthening resilience.
The India-UK climate partnership is set to drive bold goals in energy security and sustainable power, including joint efforts in energy storage, grid transformation, and the establishment of an India–UK Offshore Wind Taskforce.
The partnership also seeks to accelerate scalable innovations to support green growth and a sustainable, prosperous future. This includes strengthening ties in clean transport, renewable energy, life sciences, hydrogen, energy storage, batteries, and carbon capture.
India’s exports of solar photovoltaic (PV) modules have seen a significant surge in recent years. In FY 2021–22, the export value stood at approximately USD 83 million, which rose sharply to around USD 1,969 million in FY 2023–24. Between April and November of FY 2024–25 alone, India exported solar PV modules worth nearly USD 782 million. This data was presented by Shripad Yesso Naik, Union Minister of State for New and Renewable Energy and Power, in a written response to the Rajya Sabha in February.
The United States has emerged as the dominant market for Indian solar module exports. Between FY 2022 and FY 2024, Indian solar PV exports grew more than 23 times, primarily to the US.
The US accounted for more than 97 percent of India’s exports in both FY2023 and FY2024, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA) in November 2024. Other key export destinations include European countries such as Germany, the Netherlands, and Spain, as well as the UAE, Vietnam, and Brazil.
As of June 30, 2025, India’s cumulative installed solar capacity reached 116.25 GW, generating 144.15 billion units of electricity in FY 2024–25.
In terms of energy storage, nine Battery Energy Storage System (BESS) projects with a total installed capacity of 204.5 MW/505.6 MWh are currently operational in India, as per the latest data from the Ministry Of New And Renewable Energy.
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