Mukesh Ambani: Mukesh Ambani and Ratan Tata will end China’s ‘grandfathering’! Reliance, Tata Power bid for solar incentives to curb panel imports from dominant producer China
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According to a Bloomberg report, apart from Reliance and Tata, US company First Solar Inc., JSW Energy Ltd., Avaada Group and ReNew Energy Global Plc have also offered financial incentives. bid for. But the Adani Group, which is facing trouble due to a report by Hindenburg Research, did not participate in it. Adani Group is among the largest solar panel makers in the country. This bid was organized by the government company Solar Energy Corp.
what would be the advantage
Prime Minister Narendra Modi wants to make India a manufacturing hub. This will generate employment in the country and reduce imports. The supply chain from China has been affected due to the Corona epidemic. Because of this, companies around the world want to reduce their dependence on China. In such a situation, India has emerged as a better option for them. India wants to increase its module making capacity to 90 GW. With this, India will be able to meet its needs as well as export solar modules. For this, the government is giving incentives to the companies. Spokespersons for Reliance, Avada Group and JSW Energy declined to comment. Adani, Tata Power, Renew and First Solar did not respond to emails.
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