India’s solar panel imports hit $1.13 billion in first half of fiscal 2024

India’s solar panel imports in the first half of fiscal 2024 surpassed the total value imported for all of fiscal 2023.

From pv magazine India

India’s solar module imports reached $1,136.28 million in the first six months of fiscal 2023-24, surpassing the $943.53 million of total imports for all of fiscal 2022-23.

China remained the top supplier to the Indian market in the first half of fiscal 2023-24, followed by Vietnam, Hong Kong and Malaysia.

India’s imports of PV cells (not assembled in modules) in the first half of fiscal 2023-24 stood at $1,005.07 million, compared to $1,310.28 million for the 12 months of fiscal 2022-23. China was the largest supplier, with shipments of $499.98 million, followed by Malaysia and Thailand.

This post appeared first on PV Magazine.

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