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As solar energy booms, Indian manufacturers struggle to compete with China

Chinese companies accounts for around 85% of India's solar module demand, earning around $2 billion

Reuters  |  New Delhi 

Some of India's biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi's government prioritises cheap power over local manufacturing despite his 'Make in India' push. Though President Donald Trump is pulling the United States out of the Paris accord on climate change, India is sticking to its huge renewable energy programme. That has created a multi-billion-dollar market for Chinese solar product makers, who are facing an overcapacity at home and steep duties in Europe. India's solar ...

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First Published: Mon, June 05 2017. 14:21 IST