Standard Post with Image

Chinese Solar Equipment Manufacturers Targeting India for Expanding Business

News

Trina Solar Ltd will invest in a $500 million plant with India’s Welspun Energy Ltd as the world’s biggest supplier of panels seeks to circumvent US and European Union sanctions on solar shipments from China.

Source: live mint

SNP Insight

To dodge the effect of ban on the Chinese solar equipment by US and Europe, Chinese companies are planning big on investing in India. With Indian governments positive outlook towards solar power capacity addition and growth of domestic manufacturing sector open a new door of opportunity for Chinese players to invest in solar equipment manufacturing in the country. This will help Indian companies to form JV with Chinese companies to increase their production capacity. There will be huge gain for Indian companies to upgrade their manufacturing technology, operational capacity and also find access to other countries market for business. This will help them to grow their business and profit.

Source: SNP Infra Research