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Saatvik Green Energy, one of India’s biggest solar module makers by capacity, said on Thursday it is shunning the once-promising U.S. export market as it is no longer “worth the risk” due to the thorny tariff issue.
The United States is India’s top overseas market, accounting for 90% of module exports, according to industry officials and analysts.
“We want to be risk-free and focus on the domestic market,” said CEO Prashant Mathur in a press conference. The company said on its initial public offering draft filing that it gets a portion of its revenue…
