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A Chinese Solar Manufacturing Plant to Come up in Andhra Pradesh : Boost to Make in India

News:

Andhra Pradesh Government has inked an MoU with China’s XI’AN LONGi Silicon Materials Corp for setting up Rs.1,500-crore solar module and cell manufacturing plant at Sri City, in Chittoor District of Andhra Pradesh.

Source: The Hindu

SNP Insight:

The interest evinced by the Chinese Company comes in with the backdrop of Government's Make in India Initiative. This will not only add to the domestic manufaturing capacity of solar modules & cells but may also help in bringing down the cost with higher efficiency of modules. 

Source: SNP Infra Research