China's export controls around PV cells could slow India's upstream solar push
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓China’s proposed export controls on solar technologies could hurt India’s plan to build a local supply chain.
- ✓While immediate module production remains safe, long-term goals face risks.
- ✓Vinay Rastogi of Premier Energies said, "We do not expect any restriction on the existing businesses and can operate cell and production lines."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
China's bid to restrict exports of critical solar technologies could dent the Indian industry's ambition of building a vertically integrated domestic supply chain for solar manufacturing.
Industry players speaking to businessline suggest that while an immediate disruption to module production is unlikely, long term capacity additions and localisation goals can be jeopardised as the industry continues to be dependent on China for equipment and machinery.
The Chinese Ministry of Commerce last week proposed export controls on 12 next-gen technologies involved in solar manufacturing which included partial restrictions on popular cell technologies as well as complete bans on advanced equipment for crucial upstream components like wafers and polysilicon. The proposal is currently open for industry consultation.
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