China curbs expose India's dependence on solar, battery manufacturing machinery
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓China’s export curbs on solar and battery machinery are exposing India’s reliance on foreign technology.
- ✓Indian manufacturers now face uncertainty as they try to build upstream facilities.
- ✓Amit Manohar said, "Companies are increasingly exploring equipment and technology partnerships across Europe, Japan, Taiwan and other markets, reducing concentration risks."
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
India's dependence on China for machinery and technology used in upstream solar manufacturing -- from ingots and wafers to cells -- and battery-cell production is emerging as a major vulnerability for its clean energy manufacturing ambitions. With access to Chinese supplies becoming increasingly uncertain amid frequent export curbs, Indian manufacturers are exploring equipment and technology partnerships with suppliers in other countries to diversify their sourcing, Moneycontrol has learnt. Industry representatives said Indian solar manufacturers had faced intermittent restrictions this year on access to Chinese manufacturing technology, equipment and technical support, affecting plans to set up upstream manufacturing facilities for wafers, ingots and polysilicon.
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MoneyControl
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