India Plans $1 Billion Subsidy to Strengthen Solar Industry Against China

Reported about 5 hours ago

India is working on a $1 billion capital subsidy plan to boost its solar manufacturing sector, aiming to reduce reliance on Chinese imports. This initiative, led by the Ministry of New and Renewable Energy, focuses on domestic production of wafers and ingots, vital components currently dominated by China. The proposal, which has support from Prime Minister Modi's advisors, seeks to replicate the success seen in the mobile-phone manufacturing sector.

Source: YAHOO

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