Tag Archives: Business

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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