In March, India announced a list of battery makers that would receive a coveted state subsidy. Of the overall 50 gigawatt-hours of subsidized capacity, 20 gigawatt-hours had been earmarked for the South Korean firm. “The Indian customer pays a high price because of tariffs, and the Indian taxpayer pays for the subsidy,” they wrote. From red tape to inadequate infrastructure, once there’s no compensation for the many disabilities associated with manufacturing in India, will investors up and leave? Last week, New Delhi cleared a second round of incentives worth $2.4 billion for solar photovoltaic modules, following last year’s $550 million in aid.

Source: Economic Times July 20, 2023 14:53 UTC