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Bloomberg
India is looking for takers for $2.4 billion in government aid it’s offering to stimulate domestic manufacturing of solar power equipment.
The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency’s website. The government is seeking to grow the country’s module-making capacity to as much as 90 gigawatts, enough to meet its own requirements and serve export markets.
Reliance Industries Ltd. and Adani Groupwere winners in a previous round.