India has made substantial progress in domestic solar module manufacturing capacity in recent years. However, stronger impetus is needed in this regard to achieve 300 gigawatts (GW) of solar power generation capacity by 2030.
The Indian government’s ambitious targets and support for the solar sector have made indigenous PV manufacturing’s prospects even more vibrant. As a result, dozens of companies are vying to make a mark in the Indian solar sector. In coming years, given the high growth potential of the domestic solar market and rising favourability of India as an alternative manufacturing hub (for geopolitical reasons), diverse stakeholders such as solar project developers, government-run organisations, PV ancillary players, etc will strive to build their stake in the solar manufacturing market.
In addition to the PV manufacturing landscape, this report by JMK Research & Analytics and the Institute for Energy Economics and Financial Analysis (IEEFA) delves into key aspects such as major government initiatives, ongoing challenges and an overview of the way forward for India.
Download the report here