India will develop the complete ecosystem of solar equipment manufacturing in the next four to five years compared to other countries which have taken over 20years says Vineet Mittal, Founder and Chairman of Avaada Group.
Mittal spoke exclusively with on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference at Abu Dhabi.
Indian companies are dependent on other countries for solar energy components, which are hindering the abilities of Indian solar which are hindering the abilities of Indian solar companies, expressing optimismthat the situation will change soon.
What other countries have done in the last 20 years, they have built the complete ecosystem of every component of supply chain, which India would take four to five years to develop.
Mittal added that his company, a green energy company headquartered in Mumbai with business interests in renewable energy generation using Solar energy, Wind energy, Pumped Hydro, and Green Fuels, aims to eliminate dependence on imported components, reducing costs and increasing competitiveness.