‘Solar sector needs a comprehensive policy’
January 11, 2021
Saibaba Vutukuri, CEO, Vikram Solar×
Vikram Solar CEO highlights issues for attention in Budget
The Government needs to come out with a comprehensive policy framework along with some tariff barriers to achieve the 450 GW renewable energy target, according to Saibaba Vutukuri, CEO of Vikram Solar.
“The Government should consider implementing tariff barriers such as BCD/Safeguard Duty/ADD for at least 4-5 years. Offering capital subsidy of 50 per cent for setting up R&D and quality testing infrastructure within the manufacturing units will help build scale,” he said.
“As we inch towards the Union Budget, we are hopeful of targeted initiatives and policies for scaling up domestic solar manufacturing aligned to the 450 GW renewables by 2030 target. There is an immediate need to build a robust ecosystem for indigenous solar manufacturing and making it cost-competitive to achieve the Government’s vision of Atm
Foreigners net sellers of Asian equities in 2020, despite fourth-quarter turnaround
Foreign investors were net sellers of most Asian equities in 2020, deterred by the economic slowdown due to the COVID-19 pandemic, although the flows turned positive in the fourth quarter on hopes of a recovery and vaccine optimism.
Cross-border investors sold a combined total of $49 billion in Indonesian, Philippine, South Korean, Taiwanese, Thai and Vietnamese stocks last year, stock exchange data showed.
“The COVID-induced outflows have been significantly more brutal to what we had in previous shocks (2013 Fed tapering, 2008 crisis or China 2015 currency volatility),” said Frank Benzimra, head of Asia equity strategy at Societe Generale.
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Lava Mobiles to launch Made in India smartphones today: What to expect
Lava Mobiles to launch Made in India smartphones today: What to expect
Lava Mobiles announced it will launch its new Made in India smartphones today.
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HIGHLIGHTS
Lava has said its smartphones are made in India.
It is also expected that Lava Mobiles will launch a fitness band today.
Lava Mobiles will hold its major event today to announce its new range of “Made in India” smartphones. The homegrown mobile phone company is also expected to launch a fitness band at the event. But unlike the band, the launch of smartphones is confirmed. In a teaser video, Lava Mobiles president and business head Sunil Rana announced that the launch is going to be a “game-changing moment in the smartphone industry”. Although there were no specifics around this claim, the biggest takeaway so far has been that Lava will launch “Made in India” devices.