China’s decision to scale down its solar energy targets and subsidies will deliver another blow to Indian manufacturers who are already facing an onslaught of cheap imports from the neighbouring country, industry executives said.
China’s decision is a blessing for Indian solar power developers as the existing capacity in China would be diverted to India, further bringing down prices here, but it could make the already troubled Indian solar manufacturers sore.
Domestic manufacturers say they are already rattled by the ripple effects of further dumping by the Chinese manufacturers in India, once their internal demand is met. “The effects of dumping would be extreme on the domestic manufacturers leading to the threats of partial or complete shutdown,” said Sunil Rathi, Director, Waaree Energies. Read More
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