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GMB insolvency: Borosil exits loss-making German unit GMB, focus shifts to India’s booming solar glass market
Borosil Renewables exits its German solar glass business due to plunging demand and unfair competition from Chinese manufacturers, leading to insolvency for its subsidiary. The company is shifting its focus to India, where surging solar power growth, supportive policies, and anti-dumping duties create a favorable environment. Borosil plans to expand its capacity in India to capitalize on the growing demand.
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