According to foreign media reports, on March 10, local time, the Indian Federal Cabinet approved the relaxation of foreign direct investment regulations in countries bordering India on land.
It is understood that after this adjustment, foreign investment will be allowed to enter manufacturing industries such as electronic components, capital equipment and solar cells .
It is worth noting that in the official statement of the Indian government, if it involves specific areas of manufacturing such as capital equipment, electronic capital equipment, electronic components, polysilicon and silicon ingot-silicon wafers . The review and decision shall be completed within 60 days.
At the same time, the Cabinet Secretary Committee can also adjust the list of industries that are allowed to invest.
In such an investment, majority ownership and control of the investee enterprise must always be in the hands of an Indian resident citizen or an Indian entity controlled by him.
Data show that in April 2020, India issued a regulation that any investment from countries bordering India on land must be approved by the government in advance. The regulation is widely seen as targeting Chinese investment.
In the previous article, Component Link, Upstream Indian energy research and consultancy, released an annual report in 2025." India's PV module and battery manufacturing capacity has exceeded 175 GW and 30 GW respectively . "Although real upstream manufacturing capacity (such as polysilicon and silicon wafers) is still very limited, India's demand for photovoltaic modules has almost completely shifted to local supply."
As a result, the intention of India's policy adjustment is very obvious.
From the perspective of photovoltaic industry, the core of this policy adjustment is that the Indian government hopes to promote the development of local photovoltaic manufacturing industry (except component links) by relaxing investment restrictions in a limited way and utilizing the capital and technology of Chinese photovoltaic enterprises. And accelerate the improvement of the domestic photovoltaic industry chain .
On the
one hand, India already has a certain
In addition, China's domestic market is also generally skeptical about the relaxation of the investment policy. According to the previous Indian government's behavior towards Chinese enterprises, the market believes that India's investment environment is poor and its integrity is not high.
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