forpressrelease Mail to a Friend
forpressrelease Rate forpressrelease forpressrelease forpressrelease forpressrelease forpressrelease 

Government Curbing Reliance on Fuel Import Driving Indian Solar Power Industry

2022-12-03 06:51:11 Industry


India relies heavily on import of high calorific coal, gas and oil for energy generation and has emerged as the fourth largest energy consumer and the third largest importer of crude oil and coal, putting high pressure on Current Account deficit (CAD). In order to reduce the CAD Government is curbing reliance on fuel import by promoting solar power industry for smooth grids functioning and to meet the ever-growing demand of energy.

Further, through state incentive policy and JNNSM initiatives, more foreign investors and domestic players are focusing in India for setting up solar park across the country. Moreover with reducing price of solar PV panels domestic manufacturing of solar PV panel becomes more cost effective and feasible. Therefore, based on the above factors, the India solar power market by annual PV installed capacity is projected to grow at a CAGR of around 14% during the forecasted period 2014-2020.

The report “Indian Solar Power Industry Outlook 2020” is compiled study on the market and existence on the solar power market and growth in India. Besides that, the report exhibits the emerging trends and drivers which are boosting the solar power market in India such as government policy relying on unconventional source of energy to bridge the demand gab of electricity, technology advancement reducing the cost of solar cell.

Additionally, our report offers market data divided into various applications of solar products in off –grid and grid market. In order to provide thorough sight of the market we have given exhaustive research finding for solar power parks installment activities. The report also provides the latest updates on the states wise development in solar power parks installment.

Moreover the report also includes brief profiles of key solar power companies in India. We have tried to provide the insight of current market scenario and existing competition to our customers. Overall, the research contains exhaustive information that will help clients in formulating market strategies and assessing opportunity areas in the Indian solar power market.

For FREE SAMPLE of this report visit:

Check Related REPORTS on:


RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.

Company :-RNCOS E-Services Pvt. Ltd.

User :- Shushmul Maheshwari


Phone :-91-120-4224700

Mobile:- -

Url :-

Other articles by Reliance

Related Post