Views: 0 Author: Site Editor Publish Time: 2026-10-15 Origin: Site
India is considering using its Export-Import Bank to provide loans and lines of credit to African and Latin American countries to help them purchase Indian-made solar modules, according to a report by Mint on October 9.
The initiative aims to support India’s solar manufacturing industry as exports to the United States have nearly stalled following the imposition of steep trade duties.
The United States had been the largest overseas market for Indian solar modules. However, combined anti-dumping and countervailing duties reaching as high as 126% on Indian solar products have made exports to the U.S. market increasingly difficult.
Indian manufacturers are now seeking alternative buyers in markets including Africa and Europe.
Export financing could help Indian suppliers compete for overseas projects by making it easier for buyers to access credit. If implemented, the plan could strengthen India’s presence in emerging solar markets and diversify its export destinations.
The move also highlights how trade barriers are reshaping global solar supply chains, pushing manufacturers to seek new markets beyond their traditional export destinations.
