BANGALORE: Malaysian firms producing solar panels should tap the huge demand in India, especially in the Karnataka state, says Federation of Karnataka Chambers of Commerce and Industry president R. Shivakumar.
Karnataka, India’s south-west state, has huge demand for solar panels as the state government is promoting solar power as part of the renewable energy policy, he said.
A solar panel is a set of solar photovoltaic modules electrically connected and mounted on a supporting structure. It can be used as a component of a larger photovoltaic system to generate and supply electricity in commercial and residential applications.
“The (solar) panel that Malaysia is manufacturing is required by Karnataka because the state government is planning to generate 2,240 megawatt of solar energy in phases,” he told reporters after a networking session between the chambers and Malaysia’s SME delegation comprising 30 companies, here.
Karnataka is also looking at other renewable energy such as wind,
mini-hydro, biomass and co-generation, he said.
The networking session is part of the trade mission led by International Trade and Industry Minister Datuk Seri Mustapa Mohamed to Bangalore, the capital and largest city in Karnataka, and Chennai in Tamil Nadu.
“So, the scope is there for Malaysian companies, which manufacture solar panels to penetrate this market. They can export or even establish a manufacturing plant here,” Shivakumar said.
He said the chambers can help interested Malaysian companies to work out with the partners the land and the right infrastructures that would be needed.
“The chambers is an apex body with about 3,000 direct members and more than 250,000 indirect members throughout the state and it can help interested Malaysian companies,” he said.
It is also easier to travel to Bangalore as it is only a three-hour flight journey from Kuala Lumpur, he said.
“Bangalore is also very close to Malaysia. Hence, Malaysian businessmen must travel more often to look at the opportunities available here,” he said.
Besides renewable energy, automobile, education and infrastructures are other key sectors that offer investment opportunities for Malaysian companies, he added.– Bernama
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