Read this Press Release by CSE on issue of utilization of climate finance by United States to kill the Indian solar panel industry. Currently, 80 per cent of the Indian manufacturing capacity is in a state of forced closure and debt restructuring with no orders coming to them, while the US manufacturers are getting orders from Indian solar power developers. US Exim Bank and the Overseas Private Investment Corporation offering low-interest loans to Indian solar project developers on the mandatory condition that they buy the equipment, solar panels and cells from US companies. Unethical practice, will do more harm than good to domestic industry.

for full text: http://www.cseindia.org/content/us-using-climate-finance-kill-indian-sol...