Thanks @chintans. Can you share some links/literature on the current state of affairs.
Here are 2 good posts on the state of net metering in India. Link 1 and link 2
The posts make some valid points:
1) Approx cost of rooftop generation is Rs 10 per unit. electricity tariffs are lower than this. Net metering would mean that the customer would have to sell at a loss. Only consumers in high tariff zones will benefit from net metering. Other customers would require more incentives (tax, subsidy etc)
2) DISCOMs don't want to lose these profitable high tariff customers.
3) Net metering still in the experimental phase in India. Has been implemented only in a couple of states (one of them UP and the other one I suspect is Pondicherry)
4) The experiment has proved quite successful in Pondicherry.
Would love to know about the experience in UP.