Posted 10/13/2023, 7:10:04 AM
India's Largest Solar Manufacturer Calls for Trade Barriers to Curb Cheap Imports
- India's largest solar manufacturer Waaree Energies calls for reinstating trade barriers to protect against cheap imports from China & Vietnam
- Temporary removal of 'Approved List' allowing more solar makers to enter India has led to surge in imports
- Waaree chairman says reinstating 'Approved List' is only solution to curb imports that are forcing local manufacturers to idle capacity
- Waaree has significant module capacity in India, building new cell manufacturing plants, and planning first US factory
- Company is discussing potential $350M IPO that would value Waaree at $3 billion
