GTRI report suggests India invests in an integrated solar supply chain to achieve self-reliance and reduce dependence on China.

A Global Trade Research Initiative (GTRI) report indicates that India's goal of 500 GW of renewable energy by 2030 could lead to solar equipment imports soaring to $30 billion annually, heightening reliance on China, which currently supplies over 62% of imports. To achieve self-reliance, India must invest in an integrated solar manufacturing supply chain. GTRI suggests enhancing domestic production incentives and collaborating with nations like the US and EU to reduce import dependence.

October 20, 2024
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