‘US firms keen to participate in India’s solar programme’

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SeveralAmeriacan Companies are looking at opportunities in India’s renewable energy sector and are keen to participate in the National Solar Mission,US Exim bank  said on Friday.”We are working with a number of renewable energy companies in the US and they are looking to increase their business here,” said Fred P Hochberg, chairman of Export Import Bank ( Exim) of the United States.The Bank is also helping companies like GE and Westinghouse in setting up nuclear projects in India. “…talks are moving forward. The real progress has been made in liability issue and Convention on Supplementary Compensation (CSC) issue and we are moving well on that path that will open India not only to United States but also to other countries to participate in generating nuclear power in India,” he said.Asked about the solar mission dispute with India at the WTO, he said: “I very much respect the idea of Make in India, at the same time we have to balance between local manufacturing and innovation in best technology. One has to find a path through that.”In 2014, the US dragged India to on the country’s solar mission. The US alleged that India’s programme appears to discriminate against the US solar equipment by requiring solar energy producers to use locally manufactured cells and by offering subsidies to those developers who use domestic equipment. It also alleged that forced localisation requirements restricted US exports to Indian markets. After losing the battle at WTO last year, India is looking to modify its solar power programme.

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2 Responses to "‘US firms keen to participate in India’s solar programme’"
  1. Dev D says:

    Dear Sir,
    we are setting up 500 MW Ultra Mega Solar Power Plant for the benefit of corporate captive consumers in Karnataka,the promoters of this project is a registered non profit society having tie up with MNC OE suppliers and EPC vendors.we are looking for 2000 Crore INR for funding our captive corporate consumers in Bangalore who have A+ – AAA Credit Ratings.funding agencies may contact us on devd.indiaprojects@gmail.com
    thanks and regards.
    Dev.D

  2. R.D.LAWRANCE says:

    RESPECTED SIR,
    GREETINGS FROM R.D.LAWRANCE. WE ARE GOING TO START A SOLAR PLANT IN COIMBATORE DISTRICT THE STATE OF TAMIL NADU. SOUTH INDIA. WE WANT FINANCIAL SUPPORT FOR THE PROJECT.

    R.D.LAWRANCE
    idcrfasia@gmail.com
    9486287269.

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