The plans come against the backdrop of the government conducting an anti-dumping investigation on solar equipment imports from China. New Delhi: LONGi Green Energy Technology Co. Ltd will be the first Chinese company to set up a solar equipment manufacturing facility in India, the company said in a statement. LONGi will set up the facility in Andhra Pradesh with an investment of around Chinese renminbi (RMB) 1.94 billion ($309 million) for manufacturing 1GW of monocrystalline silicon cells and modules each. The world’s largest monocrystalline solar wafer maker’s plans come against the backdrop of the Indian government conducting an anti-dumping investigation on solar equipment imports from China, Taiwan and Malaysia. Mint reported about the Shanghai Stock Exchange listed company’s India plans on 14 December.

Source: Mint February 07, 2018 18:11 UTC