Solar Encapsulant (EVA/POE)
$0.35 bnAnnual import
30%Indian capability
4,450Supplier concentration (HHI)
₹800 crTo localise
Why India imports it. First, Mitsui, Hangzhou dominate; Vishakha Renewables and Renusol India produce locally.
Why it matters. Encapsulant quality drives module life.
Can India localise it? Yes - 2-3 years.
Where it comes from. China (60%), USA (25%), Japan (15%).
Scorecard
The ten indices
CMDI 58Dependency
LPI 61Localisation potential
IAI 63.75Investment attractiveness
SRI 58.5Supply risk
SCI 53.5Supply-chain complexity
TRI 39.25Technology readiness
IMI 70.5Industrial multiplier
NSRI 45.75National-security relevance
EPI 63.75Export potential
ICGI 61.25Capability gap
Who makes it
Manufacturers
In India
Vishakha RenewablesRenusol India
Global leaders
First ChemicalMitsui ChemicalsHangzhou First
Intelligence
Related signals
Sources
Primary references
Confidence: Reasoned estimate. Reasoned estimate. Part of Techadyant Labs' Critical Manufacturing Dependencies (Edition I).