Import of solar panels triples in 2015-16 – Feedback

The value of imported solar cells and modules tripled to $2.34 billion in 2015-16, with China accounting for 83 per cent ( $1.9 billion) of it.

In 2014-15, India’s solar imports amounted to $821 million; China’s share was 73 per cent. China has gained share in a growing market. The only other country whose exports to India touched a three digit number was Malaysia. India imported solar cells and modules worth $189 million from the country in 2015-16, up from $83 million in the previous year. The US-headquartered thin film cells/modules manufacturer, First Solar, which is one of the largest suppliers to Indian solar sector, has a plant in Malaysia. (Solar cells are processed into modules.)

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