‹ All Posts
Sanjay Ahuja

18th Mar · SEBI-Registered Analyst

INDIA TO MANDATE LOCALLY MADE SOLAR INGOTS AND WAFERS IN A MOVE TO CURB IMPORTS

In a move aimed at curbing Chinese imports, the government has proposed that clean energy firms use only locally made solar ingots and wafers starting from Jun28. The country is looking to ensure the usage of ⁠domestically made components across the entire solar panel manufacturing chain. India currently relies entirely on China ⁠for its imports of cells, ingots, wafers and poly silicon for solar panels. The government has already mandated the usage of locally assembled solar panels in state-run projects ⁠even though components like cells, wafers, ingots and polysilicon could be imported. Companies like

WAAREEENER
and
TATAPOWER
have proposed billions of rupees of investments to build renewable manufacturing capacity as India ‌aims ⁠to double the country's non-fossil fuel-based power capacity to 500 GW by 2030.

#WatchOutFor#StockInNews#Miscellaneous#FundamentalViews#TrendingSectors
802 likes·76 comments