Building to become more competitive
India manufacturing: India will soon become the world’s third-largest solar market, surpassing Japan for annual installations. However, it has reached these heady heights on a foundation comprised of largely imported solar components from China, while the domestic manufacturing market remains underdeveloped. How might this change in the near future?
In early August, the Indian Ministry of New and Renewable Energy (MNRE) made a new proposal for supporting the country’s domestic solar manufacturing industry. With the current domestic content requirement (DCR) poised to end on September 14 after the World Trade Organization (WTO) ruled it unlawful, India has been casting around for other, more subtle …
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