India aims for second largest solar module producer by 2025

22 Nov 2023 CW Team

By 2025, India is poised to become the world's second-largest producer of solar modules, outpacing Southeast Asia and focusing primarily on meeting the demand in the United States, according to a report by Wood Mackenzie. This development occurs against the backdrop of China's anticipated dominance, holding over 80% of the global capacity for the solar module supply chain starting in 2024.

The report highlights India's strategic plan to boost module exports to the lucrative US market. However, the country faces hurdles in the form of high production costs, attributed to a 25% basic customs duty on imported solar cells. There is speculation that the Indian government may consider reducing the duty on Chinese modules, currently subject to a 40% tax, to support its export ambitions.

Conversely, the United States, propelled by the Inflation Reduction Act, is actively developing its photovoltaic manufacturing capabilities. Yet, the absence of domestic production for wafers, cells, or glass implies continued reliance on imports, particularly after the expiration of President Biden's temporary waiver on solar import tariffs in mid-2024.

In parallel, Southeast Asia's solar capacity, largely influenced by Chinese investments, and Europe's advocacy for protective tariffs on Chinese modules due to non-competitive prices underscore significant shifts in the global solar module supply chain.

The report also delves into China's dominance in N-type cell technology, constituting 95% of the announced global expansions in this field, and anticipates its consequential impact on the market. Despite challenges leading to tightened profit margins in the sector, the report suggests that vertically integrated manufacturers may still discover growth opportunities.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..