New Delhi, April 26 -- With the United States set to impose stricter regulations on solar equipment imports from China and Southeast Asian nations, India's burgeoning solar manufacturing industry is eyeing a Make in India and export opportunity in the coming years.
Indian solar exports have grown rapidly over the past two years following U.S. restrictions against China.
In 2023, India's solar exports soared 227 per cent to USD 1.8 billion from USD 561 million in 2022, with the U.S. accounting for over 97 per cent of the exports.
The U.S. is the world's second-largest solar market after China, while India ranks third in total installed solar capacity. However, the U.S. relies on imports for over 78 per cent of its solar equipment needs...