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SOLAR MANUFACTURING IN INDIA (Issues in Solar Manufacturing in India…
SOLAR MANUFACTURING IN INDIA
Background
Despite the new policy focus on solar plant installation, India is still not a solar panel manufacturer
India has made significant progress in creating capacity for solar energy generation in the last few years
government had an initial target of 20 GW of solar capacity by 2022, which was achieved four years ahead of schedule
Issues in Solar Manufacturing in India
Overdependence on low-cost imports
Lack of a manufacturing base
Higher cost of production
Government’s attempts faced different challenges
Other regulatory issues
high cost of land/ electricity, low capacity utilization, and lack of skilled workforce
regulatory issues
Steps taken by Government
India’s Manufacturing Policy recognizes solar manufacturing as an industry with ‘strategic importance
National Solar Mission
solar panel manufacturing sector, the Indian government allows 100% foreign investment as equity and it qualifies for automatic approval
25 percent capital subsidy for solar manufacturing units is available under the ‘Modified Special Incentives Package Scheme’ (M-SIPS).
viability gap funding (VGF) scheme
Measures, which need to be taken
India needs a solar manufacturing strategy
Focus on large-scale public procurement
Cluster Approach
Ideas which can be adopted from China
Develop ‘Solar Champions’- in a systematic manner through massive subsidies, low interest loans,
Technology Top Runner Program- which aims to achieve higher-efficiency solar products for 1.5 GW of next-generation PV technology