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<div>In the first half of financial year (FY) 2016-17, import and export activity worth over $1 billion (~Rs.67 billion) was registered in the Indian solar sector, compared to $700 million (~Rs.44.5 billion) during the same period in 2015. During the six-month period, India exported solar modules and cells worth $52 million (~Rs.3.5 billion), and imported modules and cells worth $949 million (~Rs.63.5 billion). Compared to the same period in 2015, exports have increased by 12 percent and imports have grown by 47 percent.</div>
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<div id="stcpDiv"><a href="https://mercomindia.com/wp-content/uploads/2017/06/EXIM_Apr-Sep_2016.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-4618" src="https://mercomindia.com/wp-content/uploads/2017/06/EXIM_Apr-Sep_2016.png" alt="" width="398" height="136" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2017/06/EXIM_Apr-Sep_2016.png 398w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2017/06/EXIM_Apr-Sep_2016-300x103.png 300w" sizes="(max-width: 398px) 100vw, 398px" /></a></div>
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<div>China continues to be the single largest exporter of solar modules and cells to India accounting for $826 million (~Rs.56 billion) of India’s total solar imports with an 87 percent market share. Malaysia is the second largest exporter to India accounting for a $69 million (~Rs.4.7 billion) share of India’s overall imports and a market share of 7 percent.</div>
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<div><a href="https://mercomindia.com/wp-content/uploads/2017/06/Imports_Apr_Sep_2016.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-4620" src="https://mercomindia.com/wp-content/uploads/2017/06/Imports_Apr_Sep_2016.png" alt="" width="453" height="313" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2017/06/Imports_Apr_Sep_2016.png 453w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2017/06/Imports_Apr_Sep_2016-300x207.png 300w" sizes="(max-width: 453px) 100vw, 453px" /></a></div>
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<p>According to developers who spoke to Mercom, unless India scales up its manufacturing capacity, cost of modules are not likely to come down.</p>
<p>The United Kingdom was the largest importer of Indian solar modules and cells, accounting for 36 percent of India’s total solar exports. According to <a href="https://mercomindia.com/mercom-forecasts-76-gw-global-solar-installations-2016-48-yoy-increase-2015/" target="_blank" rel="noopener noreferrer">Mercom’s Global Solar Forecast November 2016 Report</a>, with budgetary cuts and no policy support, UK solar market is expected to decline. Italy accounts for 9 percent of exports, followed closely by China at over 8 percent.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2017/06/Exports_Apr-Sep_2016.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-4621" src="https://mercomindia.com/wp-content/uploads/2017/06/Exports_Apr-Sep_2016.png" alt="" width="455" height="312" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2017/06/Exports_Apr-Sep_2016.png 455w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2017/06/Exports_Apr-Sep_2016-300x206.png 300w" sizes="(max-width: 455px) 100vw, 455px" /></a></p>
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<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/priya-sanjay/" class="vcard author" rel="author"><span class="fn">Priya Sanjay</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Priya Sanjay,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/priya-sanjay/" target="_blank" rel="noopener">More articles from Priya Sanjay.</a></p>
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<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" alt="Wendy Prabhu" />Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. <a href="https://mercomindia.com/author/priya-sanjay/">More articles from Priya Sanjay.</a></div>
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In the First Half of FY 2016-17 Solar Imports Grew by 47 Percent YoY and Exports by 12 Percent

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