How do you think of how industrial policy reacts with that market structure? And do you worry about the risk of whether this limits competition in India for new startups or for new firms to emerge?

It is important to first look at what the scenario is.

Is policy or the market benefiting big industries? So let's talk about the solar industry since we've been talking about that.

The PLI scheme by design, the first phase of the PLI scheme, it sort of benefited companies who promised integration throughout, like from polysilicon to module development.

Now, that means investment by big companies because it's easier for them to invest and promise that kind of integration.

Of course, the second PLA scheme tried to change this by giving a more modular approach of just cell plus module as a separate bucket than others.

So the PLI definitely kind of gives that sense that, you know, big companies are being favored.

And therefore, we implement policy measures like Press Note 3.