Key Points
Solar module makers including Reliance Industries Ltd. and Tata Power Co. are among bidders for 195 billion rupees ($2.4 billion) in financial incentives that India is offering to expand domestic manufacturing and curb panel imports from dominant producer China...
Others showing interest include U.S. firm First Solar Inc. and Indian companies JSW Energy Ltd., Avaada Group and ReNew Energy Global Plc, according to people familiar with the matter, who asked not to be named as the information hasnt been made public..
The embattled Adani Group, one of the countrys largest solar panel makers, was not among the bidders, the people said...
The financial assistance is part of Prime Minister Narendra Modis aim to turn the nation into a manufacturing powerhouse, creating more jobs in the economy and reducing imports that can drain foreign exchange..
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