Norway- based REC: India favors local manufacturers

Renewable Energy Corporation said it was unlikely to set up its manufacturing presence in Indiadue to unfavorable government policies.

The Norway-based vertically-integrated player in the solar energy industry claims the Indian government doesn’t give an equal footing to all but favours local manufacturers.

The company would rather explore partnership opportunities to expand its presence and is in dialogue with a couple of players to supply its modules to plants that are potentially worth 10-15 Mw.

“The government should have a market-centric approach than a protectionist approach. The policy in its current shape favours local manufacturers. We don’t necessarily want to invest in India in manufacturing but are rather looking at business development for now and possibly in research later,” said Anil Yadav, head of Indian sub-continent region, REC Solar Asia Pacific.

Yadav said the company was also testing its products in the field and would soon set up a local REC office in the country.

REC announced that it was selected as module supplier for a 5-Mw power plant developed by Kanoria Chemicals and Industries Limited in Rajasthan.