US Dow Corning is said to be seeking a long-term engagement with the Indian solar energy market.
India offers an exciting potential because of the huge energy demand for its large population. We have…
US Dow Corning is said to be seeking a long-term engagement with the Indian solar energy market. India offers an exciting potential because of the huge energy demand for its large population. We have clear intentions to invest and grow, said Jean-Paul Mollie, president, Middle East, Asia and Africa. The Michigan-based company has a manufacturing unit in Pune and plants to increase the 300 employees in India, focussing on research, education and work or collaborations. Dow Corning has, over the last five years, invested USD 5 billion in strengthening its capabilities as a lead player in key materials to the global solar industry. The company provides materials and services to the entire photovoltaic supply chain, from silicon feedstock for ingots and wafers production to solar module assembly materials, according to Martin YS Lee, Asia commercial director (Solar). The company recently launched the solar cell encapsulation technology (to assemble PV modules) and a range of materials that help improve cell efficiencies and cost savings to manufacturers, he added. While not disclosing financials or details on manufacturing facilities in the country he said: Our business model is through collaborations with industry. We will bring silicon technologies to India, where we have 35 years of experience. Lee said: The Indian solar market was it its infancy, but the upcoming national policy, Government commitment and sheer demand would drive growth and we want to be a partner in this.