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The Economic Times
The Economic Times
Business

India's solar push idles factories unable to shake reliance on China

NEW DELHI/BEIJING - Indian makers of solar panels are being forced to shut factories as they face waits stretching up to eight months for domestic components to ​replace Chinese imports as the government pushes to beef up domestic manufacturing, industry ​sources say.

The disruptions, triggered by rules that took effect on June 1, threaten thousands of jobs and investment of nearly $4 billion, manufacturers and ​analysts said, while imperilling India's 2030 target to boost solar energy capacity.

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