L R AS Published on Saturday 29 August 2020 - n° 329 - Categories:India, industrial strategy
Wave of duty-free capacity increases in India
Indian company Vikram Solar will increase its wafer, cell and panel production capacity by 3 GW in the Tami Nadu region. This corresponds to an investment of
726 M$. The company will increase its capacity from 1.2 GW to 4.2 GW within five years.
Vikram Solar is currently India's 6th largest panel producer with a 6.1% market share behind Trina Solar, Znshine, Adani, Risen and Waaree.
A week ago, India's ReNew Power announced its intention to expand vertically with the development of a 2 GW cell and module manufacturing plant in India.
These announcements of increased capacity come at a time when India is preparing to raise its customs duties sharply (see TheIndian solar industrywants more customs duties).
https://www.pv-tech.org/news/vikram-solar-commits-to-3gw-solar-wafer-cell-and-module-expansion
PV Tech of 21 July
Editor's note The desire to install customs barriers on imports of Chinese components will help create a photovoltaic industry in India. Here again, it is a question of time, but these announcements of increases in production capacity will be followed by many others. Indian competition will emerge within two or three years. It will be formidable.
