According to statistics, China's power equipment accounted for 34% of the 55GW of new capacity installed in India during the 11th Five-Year Plan period（2007-2012）, and more than half of the new capacity installed in the first three years of the 12th Five-Year Plan was supplied by Chinese manufacturers. China's three largest power generation equipment manufacturers, China Dongfang Electric Group, Shanghai Electric Group and Harbin Electric Group, have all cooperated with India in a series of power equipment. 2004, Dongfang Electric became the first Chinese power generation equipment manufacturer to sign large-scale engineering, procurement and construction projects in India; in 2007, Dongfang Electric (India) Co. In 2012, the order volume of thermal power generation equipment of Dongfang Electric in India had reached about 40GW, and the first hydropower project of Dongfang Electric in India was successfully commissioned in the same year. 2010, Shanghai Electric Group signed a US$10 billion contract with Indian power companies to supply 30GW of coal-fired power generation equipment in three years. In 2012, Shanghai Electric India was established, and India became the largest overseas market for Shanghai Electric, winning 12 power plant construction projects. Since 2007, Harbin Electric Group has contracted several 600MW-grade units in the Indian market, and by 2015, the total number of 600MW-grade units exported to India reached 24 sets with a total capacity of 15GW.
India's "12th Five-Year Plan" (2012-2017) vigorously support new energy, the Indian photovoltaic industry has entered a period of booming development. 2012 India's installed photovoltaic power generation capacity is only 0.94GW, by 2017 the installed photovoltaic capacity of 12.29GW, a compound annual growth rate of 67%, in the renewable energy generation of the The proportion of renewable energy generation increased dramatically from 4% in 2012 to 21% in 2017. According to India's 13th Five-Year Plan (2017-2022), the new installed capacity of renewable energy will reach 175GW from 2017 to 2022, including 100GW of PV and 60GW of wind power.
By the booming Indian market and the Indian government policy of two factors, China's exports to India of photovoltaic products (silicon wafers, cells, modules) but experienced a "roller coaster" like growth rate. April 2016 ~ January 2017, India imported solar energy equipment worth 2.17 billion U.S. dollars, of which imports of Chinese equipment reached 1.9 billion U.S. dollars, accounting for 87%. The share of China's module exports to India fell to 15.2% in 2018 from 29.8% in 2017, and to 7.8% in 2019. Due to the large base, from 2017 to 2018, China's total module exports ranked first continuously in India, which is still one of China's major exporters. Although India PV development potential is huge, however, the development of the country's PV market has instability, such as India since 2012 frequent anti-dumping, trade protection investigations, etc.. In addition, India requires the implementation of government procurement or public procurement in the field of renewable energy, should give priority to "Made in India" products, for government procurement and utility development of grid-connected photovoltaic projects, photovoltaic modules require 100% local manufacturing, other components such as photovoltaic inverters require at least 40% to be made in India. JA, GCL, Rising East, Longi, Chint and many other companies have entered the Indian market on a large scale, and inverter products are also used in Indian PV projects. In addition to the export of products to India, many new energy companies have set up factories in India. Chint Group has exported a total of 1,200MW of modules to India since 2012, and its new energy industry set up an Indian office and Indian warehouse in 2014. 2018 saw the company add BIS certification specifically for the Indian market, mainly in response to India's import tariff policy.
China's TBEA in 2010, the company won the substation local complete project of 8 765k V substations totaling 5 packages of National Grid Corporation of India; in 2013, Pinggao signed the general contracting project of 765k V GIS project of Kanpur power station in India. Since 2008, TBEA's main transformer products have entered the national grid of India, and in 2010, it won the tender for 84 sets of 765k V reactors and related works for 9 substations in the national main grid and state grid, which is the first time for India to purchase 765k V UHV transmission project equipment from Chinese enterprises, and the total contract amount exceeds 100 million U.S. dollars. 2014 TBEA Energy (India) Ltd. was put into operation, mainly producing and testing transformers and reactors of 400~765k V voltage level, and also downward compatible with the capability of producing 220k V products, with an annual capacity of more than 30,000MVA, and reserving space for production and testing of 1200k V power transformers and reactors and equipment upgrade space, the company's main customer is the National Grid Corporation of India. 2017 the company achieved production operation and profitability. on November 29, 2019, TBEA's first overseas GW-class new energy equipment manufacturing base was inaugurated in India, with an annual production capacity of up to 2GW and two new full-process production lines of 1500V string and central inverters.
In 2010, TBEA supplied 10 sets of 750k V reactors to Reliance India, which set a record of the highest voltage level of reactors exported from China at that time. 2012, the company obtained three complete sets of 765k V substation projects with a total order of USD 18 million. 2016, TBEA obtained 8 breaker intervals 800k V GIS and 12 breaker intervals 420k V GIS from National Grid Corporation of India. breaker interval 420k V GIS project orders. New Northeast Electric Group High Voltage Switchgear Co., Ltd. has been committed to exploring the Indian market, and the export of its fist product 145-765KV GIS products to the Indian market has accounted for 10% of the company's output value and about 90% of the total exports, and the amount of products exported to the Indian market in the past few years exceeded $300 million, and invested $25 million to build a factory in India for operation. Jiangsu Tongguang Electronic Cable Co., Ltd. in recent years, the Indian market has accounted for more than 50% of overseas, the export value of nearly 100 million yuan, has set up a factory in India.
Distribution network link: In 2014, India began to release urban and rural distribution network upgrade programs one after another, focusing on investment in smart meters, distribution network automation and other areas, bringing opportunities for Chinese distribution network enterprises. For example, low-voltage electrical products, the amount of exports to the Indian market in 2018 and 2019 is about $450 million. About 59% of China's low-voltage electrical exports are oriented to many Asian countries and regions, especially Southeast Asia, India and other third world countries with strong demand year by year. With the Indian government launching various plans in the past year, including: "Make in India", "Digital India", "Smart City Plan", the "Integrated Power Development Plan", etc., focusing on the development of new infrastructure, will stimulate the climbing demand for low-voltage electrical components, and also drive the growth of China's low-voltage electrical components products exports and investments in the region and countries.
The Indian government adopted a series of trade restriction measures and regulations against overseas, especially China, in 2020 due to the dual impact of the new crown epidemic and the situation on the India-China border. In July, the Indian Ministry of Power introduced new regulations requiring all power equipment to be tested at designated institutions and government permission to import power products from Pakistan and China, and the test protocols and designated institutions for testing and certification must be approved by the Ministry. institutions must be approved by the Ministry of Power. So far, the Indian government has taken customs clearance suspension, prohibit Chinese enterprises to participate in the country's government and state-owned enterprises projects, the Ministry of Energy issued a policy to restrict the use of Chinese power equipment and other measures; and improve the local manufacturing requirements for bidding projects. In addition, some companies feedback that products that are doing local certification in India will encounter increased testing and delays, resulting in the inability to obtain certificates in a timely manner and hindering sales. The Indian government has also repeatedly raised the import threshold of power equipment in other ways before in an attempt to block the interface with the Chinese industry chain.
