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Webinar: Atmanirbhar Bharat Abhiyan- Strengthening India’s Solar Manufacturing Sector

Webinar: Atmanirbhar Bharat Abhiyan- Strengthening India’s Solar Manufacturing Sector

Webinar: Atmanirbhar Bharat Abhiyan- Strengthening India's Solar Manufacturing Sector  
Webinar: Atmanirbhar Bharat Abhiyan- Strengthening India’s Solar Manufacturing Sector How can India achieve global competitiveness in the manufacturing space, as China has already built large scale expertise? The impact of “OSOWOG” initiative in helping the domestic solar manufacturing industry towards building Atmanirbhar Bharat The main concerns of investors in solar manufacturing, and reforms in current policy and regulation structure New Delhi, July 17th, 2020: In a dedicated pursuit of knowledge transfers, Exhibitions India Group and 6th Smart Cities India expo hosted a live webinar with industry veterans on ‘Atmanirbhar Bharat Abhiyan- Strengthening India’s Solar Manufacturing Sector.’   Moderator: Mr. Santosh Kamath, Partner, KPMG drove an insightful session with the panel weighing in on the challenges and opportunities presented by the pandemic for the Indian solar sector. “The entire new infrastructure in the country for electricity over the next 10 years will be powered by solar, wind and some amount of hydropower. This is a big opportunity for India, and we must capitalize on the domestic market, just like the Indian auto industry did back in the 90’s. Manufacturing of solar products can contribute up to 3% of the GDP, as well as add to our exports- for which we must become globally competitive.”

Agreeing with the moderator on following the auto industry’s example, Dr. Hitesh Doshi, CMD, Waaree Group remarked, “The Indian auto industry back in the 90’s levied 150% import duty, which propelled us into manufacturing our own products, and India today is a leading two-wheeler producer. India and China were at step with each other a decade ago, but China kept a focus on manufacturing, and is miles ahead of the Indian solar industry today. Our new focus must be on manufacturing domestically, as that helps us keep money in the system as well.”

Emphasizing on the need to develop our own expertise, Mr. Saibaba Vutukuri, CEO, Vikram Solar said, “In 2009, China declared solar as a strategic industry, and similar waves were witnessed across Europe- which is when I jumped ship from wind to solar. For 4-6 years, China focussed on building solar technology, manufacturing and expertise. While India has subsidized solar raw materials, since 90% of our requirements are imported from China- the subsidy ends up going to China.”

Mr. Manjunatha D V, Founder and Managing Director, Emmvee India “The solar production supply chain is long, and just like the government has created solar parks in Rewa etc., we need to create self-sufficient clusters for activities such as raw materials and testing. We are highly dependent on other countries for testing procedures today. While India’s ‘Ease of Doing Business’ index has improved globally, there’s a lot of be done to make it favourable all across the country. We can follow the example of countries such as China and many European countries where there’s great emphasis on keeping the generation of employment and revenue within the country. We need to create favourable policies in order to make manufacturing a productive endeavour.

Explaining the history of $18 billion import bill of the Indian solar sector, Mr. Rabindra Kumar Satpathy, Executive Vice President Business Development, Orb Energy said, “Early in the 2000’s, the Indian solar sector was high on the manufacturing sentiment with key players like Tata Solar promoting the manufacturing environment. In 2007, we saw Reliance looking at the entire supply chain of polysilicon. But as the financial crisis hit in 2008, most Indian companies were compelled to stop developing expertise due to budgetary constraints. China however kept forging ahead, and while India was at the same level back then, China today is a leader in solar manufacturing.”

You may view the webinar recording here:
https://www.facebook.com/watch/?v=655850698610498

About Exhibitions India Group
Exhibitions India Group (EIG) is a trade promotion organization creating opportunities for investments, joint ventures and technology transfers. EIG acts as an interface between businesses, government, academia, society, media, etc. EIG has been in existence since 1987 and is committed to providing satisfaction to its customers by organizing quality and focused international trade shows through exceptional services, employee involvement, market intelligence and continual improvement. https://www.exhibitionsindia.com

About 6th Smart Cities India Expo
Since its inception in 2015, Smart Cities India expo has evolved into Asia’s largest trade fair and conference on the matter. Organized by the India Trade Promotion Organisation (ITPO) & Exhibitions India Group; the expo is scheduled to be held at Pragati Maidan, New Delhi, from 24-26 March, 2021. Conference sessions and exhibition across key verticals constituting smart cities framework including Buildings, Solar, Transport, Water will be held at the event. For more, please visit: https://www.smartcitiesindia.com   For Media & Partnerships, please contact:

Aishwarya Sinha | Exhibitions India Group
Mob: +91 81303 16306 | Email: aishwaryas@eigroup.in | Web: www.smartcitiesindia.com

Pawan Dixit | Exhibitions India Group
Mob: +91 99997 76540 | Email: pawand@eigroup.in | Web: www.smartcitiesindia.com