Renewable Energy Expansion, Import Substitution, and Long-Term Targets 

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In the clean energy sector, Waaree Energies is aiming for a 50–60% expansion in solar module exports by FY28 by scaling its US-based manufacturing facility to 3 GW and establishing a 6 GW solar cell plant in India following favorable supply chain compliance audits. Under national industrial policy, DPIIT expanded its import substitution portfolio from 100 to over 300 targeted products, including active pharmaceutical ingredients, electronics, and EV components, leveraging deep Production-Linked Incentive (PLI) schemes. According to long-term projections by ASSOCHAM, India’s exports to FTA partner nations are set to quadruple to $1 trillion by 2035, climbing from $211 billion in 2025. To maximize these trade benefits, the Commerce Department is conducting thorough utilization reviews across 16 existing trade agreements to resolve complex rules of origin and administrative hurdles for Indian exporters.

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