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It showcases China's dominance over the global solar industry affecting local manufacturing in India and other countries.
- Presently, China controls over 80% of global solar production and exports.
Challenges in India's Solar Manufacturing Sector highlighted by report:
- High dependency on Imports (e.g. reliance on China) limits domestic manufacturing capacity
- Limited raw material supply: India lacks capacity to produce high-purity polysilicon and wafer which are crucial inputs in the solar manufacturing value chain.
- Gaps in R&D and Technology: India lags in adoption of latest solar cell technologies (e.g. PERC (Passivated Emitter Rear Contact), bifacial, or thin-film technologies.
- High capital cost and financial barriers
Recommendations
- Expansion of PLI Scheme to cover early-stage solar manufacturing and focus on upstream solar production to build local production capacity.
- Investment in R&D and advanced manufacturing technology for a fully integrated solar supply chain.
- Reassessment of current import duties on solar modules and cells to promote local manufacturing.
- Collaboration with countries such as US, EU, and Japan to reduce global reliance on China
India’s Initiatives to boost Solar Manufacturing:
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