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No doubt the future of the Solar Photovoltaic business is bright, even there is tough competition in the existing market where production cost of the SPV system is very high and the paying capacity of our customer in domestic market is low. Till now the Indian market was mostly operated by the Govt. Agencies under subsidy scheme and there was no reliable program of awareness in the market.
The increase of demand of SPV System in the world market since last two years has caused the shortage of Si (a basic raw material) in the international market and hence the hike in the price on the SPV Systems.
As the demand relates to the production, the global manufacturers have planned to increase their capacities. Bridging the gap of the production-demand-cost will take about two more years which may result in boosting the demand in the domestic market thereby increasing the business opportunity.
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