Indian companies do not like to do research. Too much risk. They prefer to buy proven stuff. There are small companies doing a lot of what the Chinese are doing

Indian companies do not like to do research. Too much risk. They prefer to buy proven stuff. There are small companies doing a lot of what the Chinese are doing (including LFP and other battery chemistry). But they cannot scale up because they lack the necessary investment and order book. GOI has a new locally-produced solar cell mandate that has been pushed back by six months because the requirement is 8-10x the current production. People are being forced to keep factories shut due to the lack of locally produced cells. https://www.reuters.com/business/energy/indias-solar-push-idles-factories-unable-shake-reliance-china-2026-07-23/ https://www.reuters.com/business/energy/indias-solar-push-id...