From pv journal India
India’s photo voltaic module exports rise 91% to $1.9 billion in fiscal 2023-24. The US market is the biggest vacation spot, accounting for 98.5% of India’s whole PV module exports. South Africa’s exports hit $4.73 million, in line with knowledge from India’s Ministry of Commerce and Industry.
India’s photo voltaic module imports hit $4,353.51 million in fiscal 2023-24, 361% from $943.52 million in fiscal 2022-23. China’s shipments to India totaled $2,850.74 million, accounting for almost 66% of India’s whole module imports.
Vietnam is the second largest module provider to India. Its panel shipments in India totaled $935.05 million. Malaysia’s shipments to India had been price $237.99 million.
India’s import of photo voltaic cells additionally elevated to $1,853.05 million in fiscal 2024, which is 41% year-on-year.
China stays the biggest provider of photo voltaic cells within the Indian market. PV cell imports from China will almost double to $1,035.98 million in fiscal 2024, from $581.45 million in fiscal 2023.
Malaysia and Thailand are India’s subsequent two largest sources for photo voltaic cells, with their shipments to India totaling $311.81 million and $248.75 million, respectively.
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