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India turns to Africa and West Asia for solar exports

Mint Kolkata

|

February 21, 2025

The move comes as demand from Europe stagnates and the US turns more protectionist

- Rituraj Baruah

As India ramps up efforts to establish itself as a global renewable energy powerhouse, the government is pursuing direct government-to-government (G2G) engagements with African and West Asian nations to open new markets for Indian green energy firms and solar equipment manufacturers, according to two people aware of the developments.

The move comes as demand from Europe stagnates and the US turns increasingly protectionist. Meanwhile, China continues to dominate the global solar supply chain, particularly in Africa, where its low-cost products have given it an outsized presence.

Indian companies have a strong domestic market, "but beyond this they will have to go for newer markets. And in that, Africa and Middle East present significant scope. Nigeria is one of the countries being looked at," said one of the people cited above, requesting anonymity.

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THE REAL TAX MATH AND LEGAL PITFALLS OF CHOOSING TO WORK AS A CONSULTANT

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Tata Motors PV brings back Sierra to rival Creta, Vitara

Firm revives the iconic model after 22 years to push into the crowded mid-size SUV market

time to read

2 mins

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Sovereign Al takes off as countries try to avoid overdependence on superpowers

As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.

time to read

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TechM lags peers but sticks to its turnaround timeline

Co. expects revenue growth to rise as macroeconomic conditions improve by March 2027

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3 mins

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Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

2 mins

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PPFAS’s new fund to run like an index fund, with an edge

Fund will use futures market discounts, merger opportunities and index-rebalancing tactics

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Al nostalgia has a new generation loving the 1980s

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