India fast emerging as a solar hub
After IT and pharma, India is on course to emerge as a solar hub. The Centre’s move to offer fiscal incentives to solar cell and photovoltaic (PV) manufacturers coupled with surge in global demand for renewable energy sources has triggered domestic and multi-national companies to set up shop here.
Leading the pack is home-grown Moser Baer, followed by US-based Signet Solar and Solar Semiconductor. More are set to join.
Moser Baer, a leading optical storage manufacturer, is in talks with the Andhra Pradesh government to acquire 100 acres in the Fab City — the chip-making hub.
The company was among the first to set up a wholly-owned subsidiary - Moser Baer Photo Voltaic Limited — in 2005 to focus on the high-growth solar energy segment. It also plans to build an Rs 330 crore silicon PV manufacturing facility (near Delhi) and has tied up with Applied Materials Inc for technology transfer.
