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Industry Welcomes Government Push For Upstream-Focused Solar Lending

India has an overcapacity of module manufacturing, while upstream components lag

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The Ministry of New and Renewable Energy’s (MNRE) recent advisory to banks and financial institutions, calling for prudence in lending to standalone solar module manufacturing, has been welcomed by the renewable energy sector. Stakeholders say capital should flow into parts of the renewable energy ecosystem that have remained underdeveloped.

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