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"The amount which we are going to talk about is huge. I can only say that much," Abdullah told reporters.
The policy is being referred to as the "National Solar Mission" and will specifically deal with the expense of manufacturing solar panels as well as the high price of solar power.
India has set a goal to produce 78,700 megawatts of new power capacity by 2012, however key officials have indicated that the country will not meet that target.
Eighty-five percent of the solar panels developed in India are exported, Abdullah said.
"We are unable to use them in the country as prices are high," he remarked.
Indian firms currently making solar panels or just on the brink of producing solar panels, include Baer, XL Telecom & Energy, Bharat Heavy Electricals, and KSK Energy Ventures.
Abdullah also said that the William J. Clinton Foundation is discussing plans with Gujarat and Rajasthan to set up 3,000 MW solar power units in each.
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