How China Beats India Hollow In Trade And Dominates Indian Homes, Markets And Economy

But here's the dichotomy. Just when India is pushing for solar energy (targeting 100 GW by 2022, 1 GW = 1,000 MW), Vikram Solar is hurting. Last quarter, capacity utilisation stood at half, even after exporting a fourth of its produce. "We are fighting the Beijing factor. Over 80% of India's solar component supplies have been hijacked by the Chinese." he says. Aggressive pricing on the back of state subsidy, a protectionist outlook and cheap finance have allowed Chinese manufacturers to outprice their domestic counterparts. Products of Vikram Solar are 8-10% costlier than Chinese imports. India's aggressive solar energy targets would mean business worth over $40 billion for component manufacturers over the next five years.

Source : http://timesofindia.indiatimes.com/business/india-business/how-china-beats-india-hollow-in-trade-and-dominates-indian-homes-markets-and-economy/articleshow/59616193.cms

How China beats India hollow in trade and dominates Indian homes, markets and economy
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