India, July 7 -- Borosil Renewables has announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus.The decision follows a prolonged period of deteriorating market conditions in the European solar manufacturing ecosystem. and reflects the company's intent to sharpen strategic focus on the rapidly growing Indian solar sector.GMB, with a capacity of 350 tonnes per day (TPD), had served European manufacturers of solar modules for their requirements of solar glass. However, demand erosion became drastic last year, as Chinese manufacturers flooded the European market with severely underpriced solar modules. European solar module...