Article link: Solar
Strategies - The Hindu BusinessLine
Extract from the article: The article delves into the significant
investments and developments in the solar industry, emphasizing India's
substantial solar power capacity of 749 GW.
It highlights the challenges posed by high-profile investments and the
dominance of Chinese companies in driving down prices, impacting local
manufacturers.
Moreover, the piece underscores the potential for India to become a key
global player in solar product manufacturing, with estimates suggesting the
creation of 250,000 new jobs and substantial export opportunities.
My Take:
Blogging about the need to protect the economy from external influences and
promote indigenous manufacturing and job creation in the solar sector, I had
previously emphasized the importance of safeguarding against overwhelming
market dominance by foreign players.
The current scenario aligns with my earlier predictions, showcasing the
urgency for fostering a self-reliant solar manufacturing ecosystem to
capitalize on the sector's growth potential.
The prospects of job creation and export capabilities underscore the
significance of strategic policies to support domestic solar production and
enhance India's standing in the global renewable energy market.
TIME
TO PROTECT THE ENTIRE ECONOMY
The idea to be conveyed to the readers is: "Hey, look at what I thought
of/suggested about this topic, years ago. I had predicted this! I had offered a
solution for this."
Reflecting on the relevance of advocating for safeguarding domestic
industries against external pressures in the solar sector, the current
article's emphasis on the need to develop indigenous solar manufacturing
capabilities resonates profoundly.
It highlights the critical importance of proactive measures to boost local
production, create employment opportunities, and establish India as a
competitive global player in the solar industry.
Call to Action:
To policymakers, industry stakeholders, and investors mentioned in the
article, I urge a collaborative effort towards fostering a robust domestic
solar manufacturing ecosystem.
Implementing favorable policies, incentivizing local production, and
ensuring a level playing field for Indian manufacturers are crucial steps to
harness the full potential of the solar industry.
Let's work together to propel India towards self-sufficiency in solar
manufacturing and seize the opportunities for economic growth and global
leadership in renewable energy.
With regards,
Hemen Parekh
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