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 Climate Change

Renewable Energy
Published on: March 9, 2022, 5:45 p.m.
Import of cells for solar panels goes up
  • As Indian solar manufacturers have increased their production capacities, demand for solar cells has gone up

By Business India Editorial

The import of cells, which are used in making solar panels, has gone up since Indian solar manufacturers have increased their production capacities, it is reported. 

The value of solar cells imported from April to the end of last year stood at $633 million, topping the $572 million figure reported for the whole of the previous fiscal year.

China was the biggest source of imported solar cells from April to December, accounting for $578 million worth, with Malaysia the source of $20 million worth of products, and Thailand banking solar cell trade worth $16 million in India, according to the Ministry of Commerce and Industry data.

During the same period of the current fiscal year, India imported $2.5 billion worth of solar panels, with China accounting for 90 per cent of that trade, with $2.25 billion worth of exports. Panels from Hong Kong accounted for $201 million of Indian imports, Malaysia exported $25.3 million worth of modules to India, and Singapore $20 million.

In terms of solar module trade flows out of India, for the first nine months of fiscal year 22, India exported $81 million worth of products. The US was the biggest destination for Indian panels, and imported $59 million worth of them, to account for 73 per cent of Indian module exports.

India also exported $6.8 million worth of panels to Somalia, from April to year-end, and $4.55 million worth to South Africa.


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