New Delhi, Feb. 17 -- Indian solar equipment makers are lining up Rs.30,000 crore to create around 50 gigawatts (GW) of solar cell capacity in the next financial year (FY27) to comply with the government's local sourcing mandates, according to industry sources. These companies include Waaree Energies, the country's largest solar module firm, as well as Adani Solar, Reliance Industries Ltd, ReNew Energy Global plc, Brookfield- and PTT-backed Avaada Group, and Premier Industries.

India currently has a manufacturing capacity of 160 GW for solar modules but only about 30 GW for solar cells (at the start of 2026), necessitating imports to cater to domestic demand.

The development follows a new government rule, taking effect this June, which ...