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