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Dexter Capital Advisorsย โขย 1y
Why just blame Adani Group? ๐๐ Days ago, there was a big furore over Adani depending on Chinese vendors for the machinery to domestically manufacture solar modules and cells. But, thatโs highly misleading. And in fact, itโs highly hypocritical. Letโs get to why misleading and why hypocritical, one by one. .. Why is it misleading? -> Because, Adani isnโt the only one to be dependent on Chinese vendors -> In Feb โ24, Business Standard had laid bare, how many Chinese vendors are involved in solar manufacturing projects active the PLI scheme -> As per that, Adani had just 8 vendors, from which, it had requested the Govt to approve visas for merely 13 Chinese nationals, who will come to India to help set up the machinery and train the Indian workforce What about other players? .. Below is the number of Chinese vendors involved in solar manufacturing projects: 65: Indosol 24: Avaada 20: Reliance 17: Waaree 09: AMPIN 06: ReNew 06: Grew Energy 04: Tata Power 03: JSW Energy 03: VS Solar 01: First Solar .. The numbers clearly show: Singling out Adani for relying on Chinese vendors creates a misleading narrative. As the data reveals, almost every major player in India's solar manufacturing industry is doing the same ๐ ๐ .. That said, letโs get to why this Adani bashing on the subject is also so hypocritical. Almost every industry in India, from textiles to electronics, runs on machinery mostly imported from China, and also from Vietnam, Germany, Japan or Italy. So, why not bash them all. That way, more than half the Indian manufacturing will PROBABLY be dead. .. Machines will have to come from somewhere. But, if India doesnโt produce them, Indians who want to set up manufacturing units will have to import the machines from where they are produced. And common sense - Like most things, the producer is bound to be Chinese. So, why disregard the reality? .. Itโs a matter of great joy, if by importing Chinese machinery, we can substitute much higher value of finished Chinese imports with domestically manufactured goods. And to dislike Adani, folks may have a ton of better reasons. Why go for this flawed one? How do you view this?
Hey I am on Medialย โขย 1y
One and only Adani is beating whole China with the help of port infrastructure but these poltician are literally hating Adani and motivating public to speak against Adani companies. If Adani and Ambani leave India like other billioners then whole I
See MoreKeep things Simpleย โขย 1y
There's no support or eco system for manufacturing the product u want to..as an Indian, sometimes I feel like it's really hard to bring ur mental idea into life..you'll be forced to contact some Chinese manufacturer through Alibaba and customize a si
See MoreFounder And CEO Of F...ย โขย 7m
"Adani Group Loses โน2.2 Lakh Crore in Market Cap as Stocks Drop 20% Amid US Bribery Allegations" "Adani Enterprises Leads Market Crash with 22.6% Drop; Adani Energy Solutions and Adani Green Energy Follow Suit" Adani Group's listed companies experi
See MoreHey I am on Medialย โขย 7m
๐ค Hundreds of companies are cancelling deals with Adani on the basis of USA allegations , Btw why adani is not responding ๐จFrench Petroleum giant TotalEnergies has announced that it will not make any new financial contribution in the Adani Group
See MoreBELIEVE IN YOURSELFย โขย 11m
Reliance Industries to Light Up India: First Solar Giga-Factory on Track for FY25 Commissioning Mumbai, August 7, 2024: In a monumental stride towards India's green energy aspirations, Reliance Industries Limited (RIL) has announced that its inaugura
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Dexter Capital Advisorsย โขย 6m
Iโm an odd one, but all these solar module and cell makers doing IPOs right now will be in deep trouble 2-3yrs down the line ๐๐ Why? Cuz, their biggest customers will no longer be buying from them. That will leave a market with just small players
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