Solar Cells (Mono PERC, TOPCon)
$2.8 bnAnnual import
25%Indian capability
5,893Supplier concentration (HHI)
₹15,000 crTo localise
Why India imports it. Tongwei, Longi, JA Solar dominate; India has 6-8 GW cell capacity (Adani, Waaree, Reliance).
Why it matters. ALMM list has driven cell capacity additions; PLI 1 + 2 will add 30+ GW.
Can India localise it? Yes - 3-4 years.
Where it comes from. China (75%), Vietnam (12%), Thailand (8%).
Scorecard
The ten indices
CMDI 79.75Dependency
LPI 55.5Localisation potential
IAI 63.75Investment attractiveness
SRI 69.25Supply risk
SCI 54.25Supply-chain complexity
TRI 39.5Technology readiness
IMI 70.5Industrial multiplier
NSRI 54National-security relevance
EPI 63.75Export potential
ICGI 62.5Capability gap
Who makes it
Manufacturers
In India
Adani SolarWaaree EnergiesReliance Industries (New Energy)Tata Power Solar Systems
Global leaders
TongweiLongiJa Solar
On the ground
Localisation projects
- Waaree Solar Cell Manufacturing Plant
- Adani Solar Mundra Integrated Plant
- Reliance Solar Polysilicon + Wafer Plant
Intelligence
Related signals
- India Now Has a Structured Map of Where It Stays Import-Dependent
- India's Deepest Chokepoints: EUV Photoresist, Leading-Edge Logic and Aero-Engines
- Where Dependency Meets Feasibility: SiC Power and Display-Driver ICs Are the Build-Now Surfaces
- Battery Materials Processing — Lithium, Cobalt, Nickel and the Cell-Ecosystem Opportunity
Sources
Primary references
Confidence: Verified. Verified: ALMM and PLI documented. Part of Techadyant Labs' Critical Manufacturing Dependencies (Edition I).