Stay updated with breaking news from Ikram solar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Chaudhary said solar PV modules being manufactured in India were of the same quality, if not better, than those in China, but Chinese modules had a cost advantage.
The Economic Times, in collaboration with Rockwell Automation, presents ‘India Inc On The Move 2024’, an event designed to address the challenges and opportunities in the manufacturing sector, with a focus on fostering smart and sustainable practices, on February 27, 2024.
Chinese companies continue to control the market with depressed prices, making imported solar modules cheaper even with the imposition of duty, or by routing them through FTA countries, thereby killing the home market for Indian manufacturers
Vikram Solar, which filed preliminary IPO papers with the markets regulator in March, obtained its observation letter on August 10, an update with the Securities and Exchange Board of India (Sebi) showed on Wednesday, , Vikram Solar, ipo, sebi
The Rs 4,500-crore Performance Linked Incentive (PLI) scheme for solar manufacturing has not met industry expectations since domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules through this scheme. With the government claiming record clean energy capacity of 450 GW by 2030, the scheme aims to support end-to-end indigenous solar power capacity in the country. “Industry calculations indicate that in terms of capital expenditure, PLI would be in the range of 15-25 per cent. The incentive on the capex will come after five years. The incentive on sale is variable as no one knows how much they will sell. For foreign investors, the incentive is further reduced due to customs duty,” said a senior executive of a leading solar company.