Product details

Moser Baer, an Indian based leading technology company, ranked number two among the top three optical storage media manufacturers in the world. Moser Baer India Limited (MBIL) had established a new global technological standard by manufacturing optical media devices at the lowest cost. The company's products were sold in 82 countries and it had the credit of placing India firmly in the global map of technological innovation. As of June 2009 the market share of MBIL accounted for 30% and the company earned 75% of its revenue through exports. However, MBIL's global sales of Photovoltaic (PV) products were not at the expected level due to excess supply of PV products in the international market during 2009. MBIL had incurred a loss of INR3.63 billions due to the fall in demand of its PV products in the European countries. The Indian government had launched the National Solar Mission (NSM) during January 2010 with the objective of generating 20,000 megawatts of solar power by 2022. NSM had intended to use only domestic solar panels and locally-made photovoltaic (PV) cells in the solar panels. As the solar industry was capital intensive, NSM had decided to provide financial assistance to the PV manufacturing industries for increasing solar energy production in the country. MBIL believed that National Solar Mission will assist the company to overcome the loss which it had incurred in 2009. Technological procurement, infrastructure and funding were the biggest challenges for the MBIL. Moser Baer Photovoltaic (MBPV), a subsidiary of MBIL had planned to invest USD125 million for manufacturing solar photovoltaic (SPV) cells during the financial year 2010. Entry of Reliance and Videocon companies in the production of solar energy devices would give a tough challenge to Moser Baer. Reliance Industries Limited (RIL) had implemented several major projects across the country. Videocon was also planning to set up a 20-MW solar power project in the state of West Bengal. In this scenario, will the National Solar Mission assist Moser Baer to revive its PV business?