India stands to play a pivotal role in supporting the US renewable energy sector with its large-scale manufacturing capabilities, competitive production costs, and a strong STEM talent pool, highlighted a report by ValueQuest Investment.
India's solar PV module manufacturing capacity has increased from 2.3 GW to 67 GW in the last 10 years because of measures taken under Make In India initiatives, the Ministry of Renewable Energy said.
On Tuesday, the White House stated that China's "unfair trade practices concerning technology transfer, intellectual property, and innovation" have harmed America and accused China of "flooding global markets with artificially low-priced exports".
The Union Cabinet on Thursday approved 'PM-Surya Ghar: Muft Bijli Yojana' with a total outlay of Rs 75,021 crore for installing rooftop solar for 1 crore households
The report is published by the energy think tank Ember, the Centre for Research on Energy and Clean Air (CREA), and the Institute for Energy Economics and Financial Analysis.