Fresh US duties on Chinese solar import to trigger India's ascent as global supplier
While India will be a major beneficiary in the solar equipment-making sector, India is unlikely to gain much from the other sanctioned sectors
While India will be a major beneficiary in the solar equipment-making sector, India is unlikely to gain much from the other sanctioned sectors
Imports of solar cells and modules stood at ₹21,850 crore in 2022.
India has a solar equipment manufacturing capacity of 24 gigawatt of modules and 6.4 GW of PV capacity and around 15-20 GW is under construction.
Solar capacity additions in the country were affected in the last two years due to the Covid-19 stalemate and recovery was seen only in the last 2-3 quarters.