LONGi will invest USD 309 million, including about USD 240 million in construction investment and about USD 68 million in working capital, to double the capacity of its cell and module factory at Sri City in Andhra Pradesh from 500 MW to one GW respectively, LONGi Solar President Wenxue Li said.
The expansion is aimed at meeting India's rapidly-rising demand for solar energy and increasing LONGi's overseas sales, he said.
India too in January proposed to levy a 70 per cent safeguard duty on import of solar power equipment from countries like China for 200 days to protect domestic industry from "serious injury".
China is the world's largest market for both photovoltaics and solar thermal energy.
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Construction on the expanded module factory is scheduled to be completed and production will commence by the end of August 2019, while the cell factory is set to start production in January 2020, Li said.
"According to preliminary estimates, the new expansion will support USD 380 million in annual sales and roughly USD 19 million in net profit every year, he said.
India is already Chinas biggest export market for solar products by sales value. During 2017, China's exports accounted for 24.1 per cent of Indias solar products, with sales growth seen in both cells and modules.
Expanding production capacity in India will enable LONGi to take advantage of Indias rich local resources, low costs and generous policies toward the solar industry, he said.
It's also an opportunity for LONGi to accelerate its overseas expansion and boost its share of the global market for mono-crystalline product, he said.
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