The Indian government is in the process of launching new measures to promote domestic manufacturing of solar power generation equipment. The strategy calls for a 4.7x expansion in manufacturing capacity, and may include a range of policy options including investment support. If that doesn’t work the pattern followed in consumer electronics, which has included tariffs against imports, could be expected here too. Indian imports of solar panels surged 27% higher vs. a year earlier year-to-date in 2017, but were down 3% in October. That may reflect a flood of shipments to the U.S. from China...
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