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Centre plans VGF support for solar manufacturing to cut China dependency

Silicon wafers and ingots are critical components that go into manufacturing solar cells and modules

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The fresh initiative is to give a boost to local manufacturing as part of the Atmanirbhar Bharat mission

IANS New Delhi

2 min read Last Updated : Jul 18 2020 | 3:12 PM IST

In an attempt to reduce dependence on the Chinese imports, the Central government plans to come out with a fresh solar tender that will provide viability gap funding (VGF) to projects setting up solar wafer and ingot manufacturing facilities.

Silicon wafers and ingots are critical components that go into manufacturing solar cells and modules. However, India does not have manufacturing facilities for these complements that is largely imported from China, even by local solar cell and module makers. China is the biggest maker of these components globally.

"Under the phased manufacturing plan in solar, government may provide the VGF support

Topics : solar energy chinese companies solar power projects

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