Indian solar panel industry being forced to used US components for cheaper loans

Here is proof of something I had complained about earlier.

The US has been using the fund to promote its own solar manufacturing. The US Exim Bank and the OPIC have been offering low-interest loans to Indian solar project developers on the mandatory condition that they buy the equipment, solar panels and cells from US companies. This has distorted the market completely in favour of US companies.

 

 

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2 thoughts on “Indian solar panel industry being forced to used US components for cheaper loans

  1. Amey Kulkarni

    Hey Rohit, how do you think did the JICA agreed to provide loans to DMRC as abysmally low interest rates of 1-2%?
    All EXIM banks have local content clause built into the loan conditions
    Even Indian loans to African countries have the same conditions built-in

    1. Rohit Bhute Post author

      Is there any industry that we are choking through these loans? And are we imposing unfair environmental standards on African nations?

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