- Aug 10, 2019
India officially declares, National Interest is more important than UK FTAE
This is the reason Ambani bought a Solar cell manufacturing company which does everything. They are building everything in Jamnagar in an area of 5,000 acres. From solar cells to battery packs to hydrogen fuel cells. And also with First solar entry into Indian market, Chinese grip on Solar market will decrease substantially this decade.
I am more concerned about quality and efficiency of solar panels produced. With respect to efficiency, most Chinese solar panels offer <=18% efficiency which is the average efficiency of solar panels. If we can build solar panels with efficiency rating of above 20% then less land will be required to produce more amount of electricity. Let's look at companies which produce efficient solar panels.
View attachment 174931
The 4th company in that list is the company Ambani bought. As you can see they produce very efficient solar panels rated at 22.20% which is very good. You can read more about the REC group solar panel technology in the below article. I think Ambani has bought a good company and will be a great asset for Reliance industries in future and also for the country as a whole.
REC is a top-tier solar panel manufacturer that pioneered half-cut cell technology, which increases the energy output and efficiency of their solar panels.www.solarreviews.com
Will take longer than currently estimated to reach its milestones.
De-dollarisation is key. It can change the whole global orderGaps in purchasing power and international market exchange rates won't always remain same.
The gap between India's nominal and PPP GDP per capita is declining.
How ?Positively, it will shift from agri to sophisticated sectors only including aerospace, electronics, heavy industries and IT instead of simplistic transition due to governments
Meaning ? @Indx TechStylemost knowledge oriented economy
When do u think that our economy will shift from agri to sophisticated sectorsWill take longer than currently estimated to reach its milestones.
Will not match western economies in per capita GDP till last of this century.
Positively, it will shift from agri to sophisticated sectors only including aerospace, electronics, heavy industries and IT instead of simplistic transition due to governments preferences regarding self-reliance and national security. It will at least remain most knowledge oriented economy (after China) from current developing world.
It has been and come a long way already since 1980 that agrarian population has slipped below 40%. India is no longer an agrarian country. Neither in GDP share nor in population share.When do u think that our economy will shift from agri to sophisticated sectors
I am asking about just beginning not completely
That is because once you go beyond 300 employees, there are so many regulations and permissions that you need, that it becomes very hard for small company that has just reached 300 employees to hire law firms and file for all regulations and pay any bribe if needed.
Another chinese company setting up a production base here. Everytime i look at this, I wonder WTF are our own companies doing. There are so few of them in the entire country who undertake projects like this. Look at the scale of the plant. Easily will employ 15000 workers, mainly women. Most local shoe factories are fragmented into tiny informal companies
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