DuPont has opened a solar-materials business in India to help capture part of the rapidly growing market.
DuPont Photovoltaic Solutions will sell films, resins, encapsulant sheets, flexible substrates and conductive pastes for both crystalline silicon and thin film modules to the Asian nation's solar industry.
The company expects the photovoltaic market to grow by 50 percent in "each of the next few years," and expects some of its industry sales could top $1 billion within the next five years.
"Driven by India's geographical location, government incentives to promote renewable energy and increasing energy requirements in the country, India will emerge as a large manufacturing base for photovoltaic cell and module production," Balvinder S. Kalsi, president and chief executive of DuPont India, said in a news release.
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