Que: Dhash has grown from a PV junction-box manufacturer into a broader solar-component company covering junction boxes, connectors, cables and PV ribbons. How would you describe the company's evolution?

Ans: Dhash has evolved from a specialised PV junction box manufacturer into an integrated and backward-integrated solar component manufacturing company. Our journey has been guided by a clear objective: to develop reliable, technology-driven solar components in India that strengthen the rapidly expanding solar manufacturing ecosystem and contribute meaningfully to the vision of a self-reliant India (Aatmanirbhar Bharat).

Today, our portfolio spans PV junction boxes, connectors, solar cables, PV interconnect ribbons and busbars. Composite frames are also emerging as an important addition to our broader product offering.

The evolution is not just about adding products. It is about building manufacturing depth, technology capability and supply-chain integration. We are investing in in-house manufacturing and quality systems so that Dhash can become a dependable partner to module manufacturers in India and global markets.

Que: The government's localisation push has created many opportunities for Indian solar-component manufacturers. Do you think India's ancillary PV ecosystem is developing quickly enough to support the country's module and cell manufacturing plan

Ans: India's solar manufacturing ecosystem has made significant progress, but the ancillary ecosystem still needs to grow at a much faster pace.

Cell and module manufacturing capacity can scale rapidly only when the supporting ecosystem of junction boxes, connectors, cables, ribbons, frames, backsheets, glass and other components develops alongside it.

The localisation push has created the right environment for this transition. However, the next phase needs greater investment in technology, capacity, quality certification, R&D and supply-chain resilience.

India has the manufacturing capability and entrepreneurial ecosystem to build this base. The focus now should be on creating globally competitive component manufacturers rather than simply replacing imports with local production.

Que: What are the biggest gaps that still exist in India's domestic solar-component supply chain?

Ans: There are three broad areas that require attention.

First is technology and R&D. As module technologies become more sophisticated, components must evolve at the same pace. We need more investment in product engineering, testing and material science.

Second is scale. India's module and cell manufacturing ambitions require component manufacturers to operate at comparable levels of capacity, consistency and delivery reliability.

Third is raw-material localisation. While significant progress has been made, certain specialised materials, machinery and components still have import dependence. Developing these upstream capabilities will make the entire ecosystem more resilient.

At Dhash, we see this as both a challenge and an opportunity. Building a stronger domestic supply chain is central to our long-term strategy.

Que: As TOPCon, HJT and other high-efficiency technologies become more prominent, how are junction-box requirements changing?

Ans: Junction boxes are becoming increasingly important as module power and operating requirements continue to rise.

Higher-efficiency technologies such as TOPCon and HJT bring higher current levels and increasingly demanding electrical and thermal requirements. This places greater emphasis on current-carrying capability, thermal management, reliability, insulation performance and long-term field durability.

Our approach has been to develop junction-box solutions that are designed around the next generation of modules rather than simply adapting legacy products.

For example, our TRIO Pro 35A junction box has been developed for high-current applications, with a 35A rating, 1500V capability and IP68 protection, making it suitable for advanced module architectures. Additionally, with higher system voltage requirements in place, Dhash is ready with the next generation of Junction Box, popularly known as Trio Pro Max, rated at 35A and suitable to operate under the system voltage of up to 2000V DC.

The junction box is no longer a commodity accessory. It is an important electrical and reliability component of the module.

Que: Dhash expanded into PV interconnect ribbons with its LYNC range. It was launched with 6.5 GW of annual production capacity, with plans to scale to 25 GW. What is the current status of that expansion?

Ans: The LYNC expansion is progressing as part of Dhash's broader strategy to build a stronger PV component manufacturing platform.

We launched LYNC with 6.5 GW of annual production capacity, with a planned scale-up towards 25 GW. The expansion is being approached in phases, allowing us to align capacity additions with customer requirements, technology development and market demand.

Our objective is not simply to add capacity. We want LYNC to become a technologically capable and quality-focused Indian alternative for PV interconnect ribbons and busbars, serving both domestic and international module manufacturers.

As module technologies evolve, ribbon specifications are also changing. Therefore, our expansion strategy is being built around both volume and product development capability.

Que: Dhash has emphasised in-house manufacturing across its product portfolio. How much of your raw-material and component supply chain is currently localised?

Ans: Localisation is one of the fundamental pillars of Dhash's manufacturing strategy.

A significant portion of our manufacturing processes and critical component production is carried out in-house in India. This gives us better control over quality, consistency, product development and delivery timelines.

At Dhash, we do not view localisation as a one-time target, but as a continuous journey. While certain specialised raw materials and technologies still require global sourcing, the majority of the child components comprising our junction box bill of materials are manufactured in-house, reflecting our sustained commitment to backward integration over the past nine years since the company’s inception. We continue to progressively expand domestic manufacturing capabilities wherever technically and commercially viable, strengthening supply-chain resilience and advancing India’s solar manufacturing self-reliance.

Our long-term objective is to build an increasingly integrated Indian supply chain while maintaining the quality standards required by global customers.