Thank you, Amit Ji, for such an articulate and very well laid -out scenario for us. Welcome to the maiden con-call. Really, congratulations to Hitesh Bhai and the entire Waaree team for reaching so far. I think Waaree has always made all stakeholders proud. I have two basic questions. One, there is a common misconception that modules are a commodity. So, I thought this would be good to understand what is the value addition that we do, how technical is the product given we supply to some global utilities, how do customers look at our product versus somebody who is probably new in the business or there are so many new entrants. So, I was trying to understand, is this really a commodity or is it, you know, something that only a few of us can manufacture. And second is, there is again a perception that the industry is only driven by profits that are protected through tariffs. And here again, I would love your clarification on, one, the need for tariffs or how do we see this playing out. And why industry -- capital is not just maybe based on tariffs and there are several other adjacent opportunities already mentioned. Thank you so much. And I'll come back in the queue for more questions.
Questions across 1 call
Varun G
Value Quest