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Chinese threat over solar power equipment sector

Financial Express Online

 

15 August 2011, New Delhi: After virtually swamping India’s thermal power equipment market, China is now posing a grave threat to the fledgling local solar power equipment industry. According to industry sources, Chinese solar equipment suppliers like Suntech, Trina Solar, Yinglee Green Energy, Jinko and LDK have set their sights on the burgeoning Indian market. The aggressive entry of these Chinese players whose products are 25-30% cheaper is sending shock waves through the local industry which consists of relatively small players ill-equipped to face such competition.

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