Borosil looks to replace the imported glass it uses

"We have the lowest cost of production in the world. Yes, it's a fact that their glass is subsidized and ours is not. We pay all the taxes that are due on any manufactured product, whereas the other stuff is subsidized. So we have a countervailing duty on the glass coming in from Malaysia," Kheruka said.

Borosil Renewables recently acquired 86 percent stake in the Interfloat Group, which is the largest solar glass manufacturer in Europe.

Speaking about import duties not being renewed Kheruka said, "The duty not going to be renewed, came as came as a surprise to us and therefore what we are planning to do is we are going to stabilize production on the third furnace, and then we will take up the fourth one,” he said.