MR. VIKAS JAIN
Q. Please enlighten our readers about the marvelous journey of INA so far?
It has been a phenomenal journey for INA in last 6 years while being with my partner and promoter Mr Vikas Jain. We started with 60 MW line & the capacity has increased more than ten times within a short span. Our products & services have been well accepted & appreciated by our clients across various segments. INA has a consistent track record of profitable and sustainable operations over last six years. Company’s growth over last few years has been multi fold both in terms of building manufacturing capacity, product diversifications and geographical reach. Last year the maiden public issue launched by the company on the BSE SME was a resounding success with a record oversubscription. YoY manufacturing capacity, product range, geographical reach and stake holders’ confidence has progressed very well with more than double digit growth. The company is well positioned to be one of the most prominent leaders in the solar manufacturing sector.
Q. What is your current manufacturing capacity? What are your expansion plans?
Our current manufacturing capacity stands at 700 MW. We have recently commissioned 500 MW of fully automatic modules line and launched M 10 cells based 545 W+ modules along with bifacial modules. In the coming months we plan to launch 600W+ range of solar modules based on demand & commercial terms. We have another module line in pipeline for launching Topcon based modules. We have ambitious plans of adding a cell manufacturing unit in the near future as well.
Q. What are the roadblocks in the pathway of India’s Renewable Energy growth trajectory?
India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030. Of this about 300 GW is planned from solar. Currently our installed capacity is to the tune of 65 GW. This means to meet this ambitious target we need to add appr 30 GW of solar capacity every year. Apart from this since the world is looking at China +1 policy, we should gear ourself for export opportunities as well. However, there are several bottlenecks on this journey. Various factors like lack of interest on the part of discoms, lack of availability of cheap funds, Centre- states relations, lack of uniformity in policies across states and insufficient transmission system are some of the roadblocks.
Q. How can these challenges of the industry be addressed? How is your company contributing towards this transition?
Long-term policy vision backed up by the time bound execution is the need of the hour. Uniformity in policies across the country is the key to achieving the renewable energy goals. In addition, creating awareness for solar, making funds easily available, boosting transmission infrastructure etc are some of the measures to give a fillip to the renewable sector. Indian manufacturers have been working cohesively with Government & regulators for achieving 300 GW by 2030. The Govt has taken major initiatives in terms of PLI, BCD etc to give a boost to domestic manufacturing capacity. The manufacturers understand the importance of quality and have appreciated the measures like introduction of BIS. We expect the Govt to announce additional incentives for the SME sectors since they are the biggest job creators.
Q. What are the latest products that INA has launched across sectors recently in India?
We are prominently a State of art Solar Module Manufacturing company covering entire range and technology being commercially deployed globally such as Mono / Multi / Bifacial / modules 40 Watt to 590 Watt. Product range also covers Combo Solutions for small or critical power needs such Solar PCU, Batteries and Charge controllers. We do offer turnkey solar solution services for MW Scale projects & rooftop solar across the country. As mentioned above we are planning to launch ‘ n ‘ type based Topcon modules in the near future
