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Indian solar industry still heavily reliant on Chinese imports

Theres been a rapid acceleration in Indias solar manufacturing capacity, but measures to increase self-reliance have not succeeded in an industry with fast-evolving technology and volatile prices, BloombergNEF said. Around two-thirds of Indias consumption of cells and 100% of wafers came from imports since the start of 2021, and this is unlikely to fall in 2024, BloombergNEF added.

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