SUMMARY

Anticipating policy support from the Modi government at the Centre, Tata Solar Power (TSP) announced expansion of its manufacturing facility from 125 MW TO 200 MW at Bangalore.

The TSP officials also praised the Commerce Ministry’s initiative of levying Anti-Dumping Duties (ADD) and Domestic Content Requirement (DCR) of solar cells on US, Malaysia and China, as a positive move to level the playing field for the domestic producers.

Ajay Goel, the CEO of TSP, said, “This substantial expansion, in an extremely competitive and price-sensitive sector, is a testimony to the superior quality and global competitiveness of our products. Though the Jawaharlal Nehru National Solar Mission (JNNSM) originally intends to promote domestic producers in the Solar power manufacturing industry, there are barely few takers for such schemes as the cost of capital will still remain high in the presence of cheap flowing from the Chinese market,” he said.

Incidentally, the company officials maintained that it has not received any expression of interest from the Karnataka government, which in recent day has been actively in news for promoting roof-top solar panels for domestic users under Karnataka Solar policy.

source: http://www.indianexpress.com / The Indian Express / Home> Cities> Bangalore / Express News Service / Bangalore – May 28th, 2014