Solar sector to remain unfazed by India-China tensions, feel experts
As reports of the border stand-off between India and China continue to hog headlines, one of the concerns raised is whether this would have a bearing on the solar sector in India because local project developers are dependent on solar cells and modules imported from China.
Of the $2.34 billion worth of solar equipment brought into India in 2015-16, a staggering $1.96 billion (83.61 per cent) worth of solar cells and modules were produced in China, Energy Minister Piyush Goyal told Parliament in November 2016. India imported solar and photovoltaic cells worth about $826 million from China during the April-September period of 2016-17.
Those in the industry feel border tensions will not affect the sector. “I don’t think the current political situation will have an impact on the trade because whatever China exports, Indian trade is just a fraction of that,” Indrajeet Dudile, co-founder and director, Sunshot Technologies, told indiaclimatedialogue.net. “Our trade with China will not be more than $60 billion vis-a-vis Chinese net exports, which is more than $2.5 trillion.”