The Energy and Resources Institute (TERI), an India-based research organisation, has assessed India’s current PV manufacturing landscape. The paper states that global PV capacity will reach 1.8 TW by late 2025, with more than 80% located in China. India has expanded solar installations tenfold but still imports 98% of wafers and 100% of polysilicon, while annual demand is projected to increase from 37 GW AC to 39 GW AC by 2032. As per the report, India’s manufacturing base has 144 GW of module capacity from over 130 producers, while cell manufacturing faces an estimated annual shortfall of about 35 GW. Wafer and ingot capacity remains limited to around 2 GW, and polysilicon production is absent. The report notes that over 90% of upstream equipment is imported and recommends extending ALMM upstream, introducing PLI-Equipment, targeting 4% to 5% drop in capital costs and linking skills planning to a 30% women workforce by 2030.