India's trade imbalance with China is approx $ 36 billion
With slowing down of Chinese economy and speeding up of Indian economy , it is quite possible that this may get worse
How ?
> To grow at a faster rate , India will need to import more raw materials and
components from wherever these can be got cheaper
> To counter its own slow down , Chinese companies will compete fiercely
( with the rest of the World ) to export its products to India
This is evident in supply of PV Solar Panels from China, where Chinese companies have dropped their prices drastically
This price drop has enabled Chinese companies to export to India, PV Systems worth :
> Rs 352 Crores in 2010-11
> Rs 3,745 Crores in 2014-15
Result :
> India's domestic power output , using PV Systems , went up from 1,000 MW in 2010-11 to 4,000 MW in 2014-15 !
> Average solar power tariff went down from Rs 17 per unit to Rs 5 per unit !
Now , Indian PV System Manufacturers are very unhappy with this Chinese " dumping " , for two reasons :
> Their annual production capacity is only 1300 MW of PV Systems
> They cannot match the Chinese prices
But the Power Minister seems to be saying :
" My target for Solar energy generation is 1,00,000 MW by 2022 .
Of this , Indian Manufacturers can deliver , no more than 10,000 MW
And I want to bring down Solar Power tariff below the current average ,
which is possible only when " Rs / MW of installed capacity " becomes less
than that for coal-based power plants
So , I must buy Solar Plants at less than Rs 5 crores / MW installed capacity
Only Chinese companies can supply me at Rs 3 Crores / MW
For 1 lakh MW ( 100 GW ) target , I need Rs 3 lakh*crores of funds
And the Chinese companies will also get me " Suppliers Credit " @ 2% interest
Last week , 649 companies from all over the World , bid for 20.6 GW of Solar
Power auction in Brazil , which is expected to place orders by Nov 2015
I must place my orders on Chinese Companies before Brazil ties up their production capacities !
Remember , 100 GW of Solar Power will help us,
> Light up 5 Crore homes ( @ 50,000 homes / 100 MW )
> Generate 15 lakh " green jobs "
> Raise our GDP by 0.5 %
Must act fast ! !
Only thing Power Minister would not say publicly is :
" If importing Solar PV Systems from China worth Rs 3 lakh*crores is going to
worsen our trade balance , please treat it as a welcome problem ! "
------------------------------------------------------------------------------------
hemen parekh
03 Aug 2015
B2BmessageBlaster
---------------------------------------------------------------------------------------
With slowing down of Chinese economy and speeding up of Indian economy , it is quite possible that this may get worse
How ?
> To grow at a faster rate , India will need to import more raw materials and
components from wherever these can be got cheaper
> To counter its own slow down , Chinese companies will compete fiercely
( with the rest of the World ) to export its products to India
This is evident in supply of PV Solar Panels from China, where Chinese companies have dropped their prices drastically
This price drop has enabled Chinese companies to export to India, PV Systems worth :
> Rs 352 Crores in 2010-11
> Rs 3,745 Crores in 2014-15
Result :
> India's domestic power output , using PV Systems , went up from 1,000 MW in 2010-11 to 4,000 MW in 2014-15 !
> Average solar power tariff went down from Rs 17 per unit to Rs 5 per unit !
Now , Indian PV System Manufacturers are very unhappy with this Chinese " dumping " , for two reasons :
> Their annual production capacity is only 1300 MW of PV Systems
> They cannot match the Chinese prices
But the Power Minister seems to be saying :
" My target for Solar energy generation is 1,00,000 MW by 2022 .
Of this , Indian Manufacturers can deliver , no more than 10,000 MW
And I want to bring down Solar Power tariff below the current average ,
which is possible only when " Rs / MW of installed capacity " becomes less
than that for coal-based power plants
So , I must buy Solar Plants at less than Rs 5 crores / MW installed capacity
Only Chinese companies can supply me at Rs 3 Crores / MW
For 1 lakh MW ( 100 GW ) target , I need Rs 3 lakh*crores of funds
And the Chinese companies will also get me " Suppliers Credit " @ 2% interest
Last week , 649 companies from all over the World , bid for 20.6 GW of Solar
Power auction in Brazil , which is expected to place orders by Nov 2015
I must place my orders on Chinese Companies before Brazil ties up their production capacities !
Remember , 100 GW of Solar Power will help us,
> Light up 5 Crore homes ( @ 50,000 homes / 100 MW )
> Generate 15 lakh " green jobs "
> Raise our GDP by 0.5 %
Must act fast ! !
Only thing Power Minister would not say publicly is :
" If importing Solar PV Systems from China worth Rs 3 lakh*crores is going to
worsen our trade balance , please treat it as a welcome problem ! "
------------------------------------------------------------------------------------
hemen parekh
03 Aug 2015
B2BmessageBlaster
---------------------------------------------------------------------------------------
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