India’s third largest solar panel manufacturer Tata Power Solar will shift focus from an export-oriented firm to a domestic engineering, procurement and construction service provider.
The Times of India attributes this move to “stiff competition from Chinese manufacturers globally”.
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Tata Power Solar is among several companies which took anti-dumping complaints against China, as well as Malaysia, Taiwan and the US, to the Indian Ministry of Commerce.
“We have been an export-oriented company so far. The project business contributes nearly 20% of sales. But with the country emerging as a major solar market, and Chinese players dominating the modules market, we have decided to shift focus to projects and solutions,” Tata Solar chief executive Ajay Goel told the Press Trust of India.
When asked about the company's plans on increasing manufacturing capacity, Goel said, “Due to fierce competition from Chinese players, most of our capacity is under-utilised. We are well-placed to expand our capacities, but we are waiting for some clarity on the policies.”
Tata Solar has a manufacturing capacity of 125MW of modules and 84 mw of solar cells.
