Solar sector unfazed by India-China tensions
As reports of the border stand-off between India and China continue to hog headlines, one of the concerns raised is whether this would have a bearing on the solar sector in India because local project developers are dependent on solar cells and modules imported from China.
 
Of the $2.34 billion worth of solar equipment brought into India in 2015-16, a staggering $1.96 billion (83.61%) worth of solar cells and modules were produced in China, Energy Minister Piyush Goyal told Parliament in November 2016. India imported solar and photovoltaic cells worth about $826 million from China during the April-September period of 2016-17.
 
Those in the industry feel border tensions will not affect the sector. "I don't think the current political situation will have an impact on the trade because whatever China exports, Indian trade is just a fraction of that," Indrajeet Dudile, co-founder and director, Sunshot Technologies, told indiaclimatedialogue.net. "Our trade with China will not be more than $60 billion vis-a-vis Chinese net exports, which is more than $2.5 trillion."
 
"Even if the tension is there, I don't foresee any issues till the time the Government of India takes a stand that imports from China will be stopped for all the sectors. It cannot be specific to renewables," said an official at the Ministry of New and Renewable Energy (MNRE).
 
"The rise in the cost of solar is a phenomenon that needs to be seen separately than that of the tension between India and China. An increase in prices will be due to the demand and supply considerations. It should not be linked to any kind of dispute between India and China. If the market signals are such that the demand for solar is increasing to the extent that it has an impact on the cost of solar, then this is a generic phenomena, which is not specific to the India-China dispute."
 
Sunil Jain, CEO and Executive Director, Hero Future Energies, believes that irrespective of the tensions, imports had to be impacted since the Indian government is already working on an anti-dumping duty petition filed by domestic manufacturers.
 
"China already has anti-dumping measures across Europe and the US. So, this had to come logically in India and it will definitely impact the imports, but I believe the impact will be partial as our back-end for domestic manufacturing is not ready yet; we are still importing wafers and cells from China," he noted
 
"India has around 4 GW of solar panel assembly lines and around 1 GW of cell lines. With new technology, some of these cell lines would need an upgrade. At best, we can stop import of panels, but wafers and cells still have to be imported, and if China increases the prices of wafers and cells, are we ready for it?... Backward integration of domestic manufacturing has to be in place, if we are serious about curbing imports from China," he added.
 
"Till the time there is no specific issue of this nature that India should stop buying from China, it will not impact imports because it is not specific to solar modules. There are many other things which are being imported from China, including for the mainstream power sector and machinery," the MNRE official explained.
 
The last two years have witnessed an impressive growth of the solar sector. While India added 4 GW of solar power capacity in 2016, the generation capacity of solar rose from 2,650 MW on May 26, 2014, to 10,000 MW on March 10, 2017. However, in order to achieve its longer-term goal of 100 GW of solar PV capacity by 2022, India will have to bolster its domestic manufacturing capacity, which currently stands at around 6.5 GW for modules and 1.6 GW for cells, as per data from MNRE.
 
"In the absence of manufacturing, India will need to import $42 billion of solar equipment by 2030, corresponding to 100 GW of installed capacity," warned a report by KPMG.
 
The MNRE official said that the capacity of solar modules in India is 8,000 MW, while for cells it is 1,500 MW and this is not sufficient to achieve the government's aims.
 
"Some amount of import will be there because we have set ambitious targets, and therefore, we will have to import till the time we have manufacturing capabilities," he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    Vinay Isloorkar

    2 years ago

    Does this augur well for local manufacturers like IndoSolar?

    Jio ya Maro: When a post-paid connection is disconnected for want of ‘prepaid recharge’
    Reliance Jio, the newest entrant in the mobile business, delivered a shocker Friday morning, when this writer, a post-paid subscriber, found his mobile connection disconnected without any information. Upon enquiry, I learned from a senior official that they do not have post-paid subscribers and I need to recharge my connection as pre-paid to continue to avail of Jio services! 
     
    This is when, even today, on the MyJio app, I am shown as a post-paid subscriber and there are bills (off course of zero rupees due to continuation of free offers) raised against my number.
     
     
    What is more shocking is there is absolutely no communication whatsoever from Jio, either about ‘converting’ my post-paid connection to prepaid or any other such thing. I bought this connection in September 2016 by making sure that my plan is a post-paid one. This was re-confirmed when Jio launched Prime membership (see the image below).
     
    Since there was no data connection since morning, I could not even check the issue from MyJio app. After using shared data connection from my other mobile number, I started a chat call with an executive from Jio. He told me all post-paid subscribers were mandated (without any communication!) to fill up an ACH form (don’t ask what is ACH). He said this is an authorisation form filled up by post-paid subscriber to automatically deduct the billing amount from the subscriber's bank account. He also said for availing post-paid connection benefits (!), autopay is mandatory. This ACH form is not available online and I need to visit Jio’s store and fill up the form manually! Did somebody just say ‘digital India’ or are my ears playing tricks on me?
     
     
     
    I also learned that there were some issues at Jio with post-paid subscription and now these are being sorted out. 
     
    Anyway, at present my post-paid Jio bought with much fanfare, is dead (till writing this report) and until I allow them to automatically deduct money from my bank account, it may not become alive soon. This is mandatory and even if I encounter any issues in the bill, my money would be deducted first and raise I may raise grievances later. So much for free offers!
     
    I sent emails to senior officials from communication department of Reliance Industries and will upload their response as and when we receive it.
     
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    COMMENTS

    suresh appu

    2 years ago

    i want to pre on post sim

    Ramesh I

    2 years ago

    Mr. Sapkale. I wish you had lodged a complaint against this gross mistake by Reliance Jio to TRAI formally. I believe it's against TRAI guidelines/rules if a pre-paid customer is shifted to post-paid category without express consent / approval of the subscriber. Since its inception, Jio has been teasing prospective and actual customers with all sorts of 'offer' only to circumvent TRAI's rules. Moreover, ECS or authorization for direct debit from a customer's Bank A/c is always a voluntary and optional facility which no utility service provider can 'force' upon a customer to avail their services. But then, despite its name 'Reliance', the business group since Dhirubhai Ambani's time has always been known for unethical business practices. One shouldn't expect any better from the Ambanis.

    Saurabh Sharma

    2 years ago

    I have been using jio since more than a year. Before that I spent 2-3 thousand a month to airtel to get data for a few GB, as I used to travel a lot. My experience with jio has been best among vodafone, airtel, old reliance rcom, docomo. You could have opted for monthly auto recharge. However, I agree that you must get freedom of choice between postpaid and prepaid.

    Ramesh Bhartia

    2 years ago

    Yes your grievance is true. I also faced same trouble and I had to switch to another provider.

    SUNDARAM APPAN

    2 years ago

    This should be a WECOME SLIPUP BY JIO ..THEY WILL CELEBRATE AND MAKE SURE JIO MARKET IS DOWN!!

    SUNDARAM APPAN

    2 years ago

    My Jion connection is down last 3Days..Post paid valid up to OCT '17. But suddenly it says prepaid recharge immediately yp balance is nil when I made call 3 days ago. Also messaging is DOWN

    MY COMMENT ..TELECOM TECH IS NOT OIL GREASE ANG GAS...WATCH OUT JIO OTHERWISE AIRTEL AND VODOFONE IS WAITING FOR SUCH MAJOR SLIPUPS GIVING MAJOR PROBLEMS TO COSTOMERS...
    PROF SUNDARAM APPAN

    Subhash Khurana

    2 years ago

    Yogesh is luck

    Yogesh is lucky. His plight has been highlighted by google cards. What about the thousands of others who just bear it ? The majority of other sufferers don't have a chance to present their case.

    Vikas V Deodhar

    2 years ago

    I was about to port my number to JIO. Now am avoiding it. I fought with Vodafone in Consumer Court, for excessive billing of 2,800/- and won the case after spending more than 2,800/-, only to get satisfaction of getting justice. Should all Consumers keep fighting only to get justice.? Vodafone connectivity is equally bad in City of Mumbai itself. And Modi is talking of making digital India reaching to far off rural areas ! What a dream ! And making Cashless economy ! And after demonatisation 75% of Cash is already back in circulation but how much it is gone in recirculation, RBI is not publishing because they still counting their notes. Acche Din ki Jai ho !

    REPLY

    Aditya Bajpai

    In Reply to Vikas V Deodhar 2 years ago

    Subah subah tumhari tatti bhi modi he dhone aate honge,abe obscessed person apna kam kar

    Vikas V Deodhar

    In Reply to Aditya Bajpai 2 years ago

    Dhone ke liye , bureaucracy ki Be-akal ki advice sunkar Modine Swachh bharat ka tax bhi laga diya hai - Jai ho Modiji.

    Om Prakash Chitlangia

    2 years ago

    Very poor network service downloading & internet speed very poor

    Chander Shekhar Sharma

    2 years ago

    Remember every business has a long term goal of hefty earnings. Who doesn't know this. Every Corporate House is not like TATAs. So think and decide your all future options.

    Anand Hariharan

    2 years ago

    I was planning to do MNP into Jio for a postpaid connection. Now I'm not doing that. I'm not giving auto debit or ECS to any service provider most specifically to Reliance. Money once taken away will certainly not come back.

    REPLY

    Vikas V Deodhar

    In Reply to Anand Hariharan 2 years ago

    I have visit several districts in India. I do not know which company is good in respect of Connectivity in rural areas also. I do not know which company is good in terms and conditions and Billing ? My Vodafone bill paid by internet banking is debited from my account but not credited instantly, and the company charges late payment fee in the next bill and after fighting continuously, I got the credit. That shows Vodafone internal "Systems" are imperfect and company penalises for that, to Consumers. Consumers have no other option - keep fighting.

    H Yajnanarayana Rao

    2 years ago

    I had bought Reliance Jio sim along with my wife during January, 2017. We paid ₹99/- & enjoyed 3 months free(₹99/-x2) Then I paid ₹309/-as per scheme. Whenever I need badly to speak with my sharebroker it is of no use as connectivity is not available. With the second sim is.Airtel I used to communicate. Now I lost interest in Reliance Jio sim as my complaint was not attended. Now I use only Airtel

    Atul Gupta

    2 years ago

    I have already filled the ACH form. Still they have disabled my post paid numbers. After complaint they have applied some summer pack which is valid till Nov. Really Their post paid seems to be Pain in ass..

    Nurani Subramanian Iyer

    2 years ago

    Jio is a business entity to catch business,keep an alternate no from strong player always, if jio become unaffordable port out and say bye bye to them

    Prasad Krishnapurkar

    2 years ago

    Have taken up this with Jio, DoT, TRAI and even sent email to TDSAT. All are conveniently keeping quite from last 2 months.
    One more bad news for you, even several Hundred line agreement of prepaid also allows them to steal money from your bank account which is linked with UIDAI.
    No one is bothered to read fine print and all are forgetting that there is nothing free specially from a group which runs government department's.

    BSE's Q1 consolidated net profit zooms to Rs524 crore
    Stock market major BSE on Thursday reported an exponential rise of 1,098 per cent in its consolidated net profit for the first quarter (Q1) of 2017-18 due to addition of exceptional items.
     
    According to the company, the Q1 consolidated net profit increased to Rs 523.70 crore from Rs 43.70 crore reported for the Q1FY17.
     
    "The parent company has partially divested its stake in a subsidiary company on June 29, 2017. The divestment has resulted in a loss of control and therefore the profit on sale of the investment in the subsidiary amounting to Rs 45,118 lakh has been credited to the consolidated financial results during quarter ended June 30, 2017," the company said in a regulatory filing.
     
    "Further, the parent company had partially divested its stake in the above subsidiary in October 2016 which did not result in a loss of control and hence the profit on divestment amounting to Rs 1,057 lakh was credited to retained earnings under the head 'Other Equity' during the year ended March 31, 2017. The said profit of Rs 1,057 lakh has now been credited to the consolidated financial results during quarter ended June 30, 2017."
     
    BSE's consolidated total income during the quarter under review increased by 11 per cent to Rs 158.38 crore from Rs 142.73 crore in Q1FY17.
     
    Besides, its revenue from operations was up 26 per cent at Rs 102.64 crore from Rs 81.21 crore in Q1FY17.
     
    The firm's EBITDA (earnings before interest, taxes, depreciation and amortisation) increased by 16 per cent to Rs 71.61 crore from Rs 61.76 crore.
     
    "BSE aims to grow both organically and inorganically... Our international exchange continues to get attraction from investors and we are focused on achieving the target of enabling Indian firms to compete on equal footing with offshore firms," said Ashishkumar Chauhan, MD and CEO of BSE.
     
    "As a strategy, BSE strives to obtain leadership position in newer opportunities while consolidating and improving its market share in areas where it is at a competitive disadvantage."
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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