India to become multi-billion USD PV manufacturing hub: Prasad | business | Hindustan Times
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India to become multi-billion USD PV manufacturing hub: Prasad

business Updated: Jun 01, 2010 14:17 IST
PTI
india

India is poised to become a multi-billion dollar manufacturing hub for photo voltaic (PV) value chain but the main challenge before the industries would be to reduce costs associated with PV manufacturing and installations, a top solar industry official said in Mumbai.

"Currently, India is manufacturing solar modules/cells and they are primarily being marketed to US and Europe. But this equation is likely to change with the advent of Jawaharlal Nehru National Solar Mission with the ambitious objective of producing 20,000 MW by 2022 to make India a global leader in solar energy," Sathya Prasad, President, Semiconductor Equipment Materials International (SEMI),India told PTI in an interview.

"The key challenge to the solar/PV industry is to reduce the costs associated with PV manufacturing and installations. By improved process efficiency, automation, materials improvement, enhancing lifetime energy yields from systems and benefiting from economies of scale, overall cost can be reduced," Prasad, who is also the Convener, SOLARCON INDIA 2010, an international meet to be held in Hyderabad, said.

"India can become a hot bed of manufacturing for photo voltaic value chain both for domestic as well as global market," Prasad, who heads the region of global industry association serving the manufacturing supply chains for the microelectronic, PV and display industries, said.