Panasonic bets on India to cut solar imports from China
NEW DELHI: Panasonic Life Solutions, the Indian arm of Japanese consumer electronics and white goods giant, has chosen India as a base for expanding production of solar gears to serve the domestic and select export markets.
The decision to localise comes amid recent government policies to curb imports and increased supply chain issues with Chinese imports, company’s solar business head Amit Barve told TOI.
“In India we have done it more as a geographical policy to see that the local module manufacturing steps up to an extent that they can suffice to serve the local market rather than importing,” Barve said.
