(MENAFN) India's USD100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, Arab News reported.
The money pouring into India's solar industry is likely to be soaked up by foreign-organized projects such as one run by China's Trina Solar, not the country's own solar panel manufacturers.
"The smaller manufacturers of India, especially the cell manufacturers, will be adversely hit because they are unable to compete both on technology and even on price structures," solar consultancy at Bridge To India said.
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