India’s solar panel production capacity reached 10 GW

"On March 31, 2024, Crisil Ratings reported that India's solar panel production capacity is expected to reach 50 GW to 55 GW by 2027. The report noted that this growth will be fueled by the government's policies aiming to reduce imports of solar panels and their components from abroad. Additionally, the report estimated a capital expenditure of ₹280-300 billion (approximately $3.2 billion USD) for achieving this target."