The Energy and Resources Institute (TERI) today unveiled its report, “India’s PV Manufacturing & Its Strategic Inflection Points”, during the Bharat Climate Forum (BCF) 2026 at ITC Maurya, New Delhi. The release coincided with the launch of India’s National Cleantech Manufacturing Implementation Plan, attended by senior government leaders, global institutions, and industry stakeholders.
The report provides a strategic assessment of India’s solar photovoltaic (PV) manufacturing ecosystem, identifying policy, financing, and industrial interventions required to strengthen India’s global competitiveness across the value chain. Dr Vibha Dhawan, Director General of TERI, highlighted India’s vast solar potential, exceeding 10,800 GW across multiple deployment modalities. She emphasized the strategic imperative of capturing value domestically through manufacturing, technology, skills development, and resilient supply chains while ensuring affordable electricity for households and industry.
Shri Santosh Sarangi, Secretary, Ministry of New and Renewable Energy, underscored the country’s achievements in the renewable energy sector, noting India’s solar capacity growth from 2.63 GW in 2014 to over 134 GW today. He emphasized that the focus is not only on capacity expansion but also on creating a resilient, self-sufficient ecosystem to serve as a blueprint for global energy transitions.
The report highlights critical vulnerabilities in upstream PV manufacturing, particularly India’s dependence on imported polysilicon, wafers, and high-end manufacturing equipment such as furnaces and deposition tools. TERI recommends policy measures and incentives to support domestic equipment production, accelerate R&D, and mitigate risks associated with supply-chain disruptions, foreign exchange volatility, and geopolitical dependencies.
Key recommendations include the development of Solar–Semicon Technology Parks, shared pilot fabs for next-generation technologies, and a dedicated PV–Semicon Skill Council to foster innovation pipelines and workforce readiness. The report also stresses the importance of linking incentives to skilling outcomes and promoting greater participation of women in PV manufacturing.
BCF 2026 featured high-level discussions with addresses by Shri C P Radhakrishnan, Vice-President of India, Union Ministers, and global leaders from institutions including the UN, World Bank Group, IRENA, Asian Development Bank, International Solar Alliance, NABARD, and leading private sector stakeholders. Discussions centered on clean energy transition, climate-resilient growth, cleantech manufacturing, long-term climate finance, and governance reforms to enable a green and resilient India.
Union Minister Shri Manohar Lal Khattar highlighted India’s clean energy achievements, noting that non-fossil fuel sources now account for over 51.5% of the country’s installed capacity, achieving the 2030 target five years ahead. India’s solar capacity has increased nearly 47-fold since 2014, positioning the country as the world’s third-largest solar power producer.
The Bharat Climate Forum concluded with a ministerial valedictory address emphasizing India’s leadership role in global climate action and the importance of aligning national ambition with international collaboration to deliver a sustainable, low-carbon future.
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