This is not the right time to invest in solar as there are over capacities in the (global) market,” Gaurav Mathur , India sales head of Trina Solar, told ET.Mathur said international players like Trina will be interested in incentives to set up manufacturing in India, and the government’s domestic manufacturing policy for solar, which is in the works, may provide some clarity on the plans. “We are willing to manufacture in India, provided we get some kind of benefit, specifically for solar industry. We will set up (the manufacturing unit) provided we have the right kind of policy support from the government,” he said.In 2015, Trina Solar bought land near Visakhapatnam to set up a manufacturing unit for solar cells and modules, with an estimated capacity of over 1 gigawatt. He added that India remains one of the most important markets for Trina, and they cannot ignore it even though it is a low selling price market. Trina Solar’s CEO Jifan Gao recently said the company might be re-considering its decision on a planned manufacturing unit in India, because prices there are “too low”.

Source: Economic Times December 03, 2017 19:37 UTC