India Plans Exim Bank Credit Lines to Rescue Solar Exports

India is planning credit lines through Exim Bank to help its solar panel makers sell products abroad.

For a time, almost all of India’s solar module exports went to the United States.

New US duties have made it harder for many Indian companies to sell there.

Exports to the US have dropped from their earlier peak.

The report says the European Union could offer another market.

Its rules are increasingly designed to encourage buyers to diversify their supply sources.

The credit lines are intended to help support exports as the industry adjusts.