Sun Burnt
Indian solar equipment makers are being squeezed out of the market by global players.
Hulas Rahul Gupta is battling for survival. The Managing Director of IndoSolar, the country's largest manufacturer of solar cells, has been forced to down shutters at his factory in Greater Noida. He had no choice after his order book dried up. Gupta now spends his days in meetings to convince bankers that he can revive his business. And, when he's not doing that, he is meeting people in power to push for restricting rival Chinese firms from dumping their cheaper products into India.
India's solar energy sector is being buffeted by winds of change, some good and some really bad. The government, on its part, has been announcing new policies that are sure to benefit new players in the field but existing players, especially
