Mukesh Gupta Co-Founder & Managing Director

Solar Panel & Batteries Grid Tie ,Off-Grid & Central Solar Inverters Projects Manufacturing

Micromax Energy Limited Our mission - Indigenization of entire value chain -from research to production - in energy saving, energy generation and energy storage products

Promoters Of Micromax Promoted by pioneers in electronics industry Mobile Consumer Electronics manufacturing Energy Solar Cell in 2010 Everything in 2016

Why Make in India Energy Security One important aspect of shifting to Solar is energy security. We are secure only if the entire value chain is indigenous Presently we shifted from Gulf to China Skill Development and Employment Generation Manufacturing eco system supported by R&D is necessary for skill development and employment Currently India is Totally dependent on Imports. No local R&D, manufacturing or eco system. In solar panels the critical component is imported. The solar cell. Even most panels, Inverters are imported. Which are deployed in projects.

Help us Make in India De-incentivize Incentivize A subsidy(local content) and tax structure(customs) to negate the china effect Indian manufacturers should have a say in planning the above Micromax energy was founded to manufacture solar cells in 2010. We have since stopped thinking about it. Incentivize We should have industry led consortiums for government support We led a consortium for development of 100kVA indigenous solar inverter in 2009 DOE instead funded their own and asked us to buy the technology from them. Yet to see a Indian commercial scale inverter. Tax structure and Subsidy must promote backward integration Local cell phone industry took off because government allowed import of SKD at 0% while taxed the full unit at 6-12.5% In just 2 years from negligible production, India now manufactures 100 million units

Concluding Remarks Total Indignation is important to avoid the energy security issue shifting from gulf to china Involvement of industry for tax and subsidy planning Industry led consortium for R&D