Judicious use: Letter to BS on India to set up $350-million solar fund

Such circumstances will enable India to take the lead to mobilise funds under the International Solar Alliance

This refers to “India to set up $350-mn solar fund” (January 19). India is naturally gifted with solar resources thus requiring cheaper capital investment in economic activity. This is in direct contrast to easy availability of other energy resources like coal and oil where either availability of resources has declined or cost of their imports increased. Further, it is both financially and commercially feasible for both private and public sector enterprises that can diversify their activities. A social role can also be played by private banks which have so far exclusively looked for internal business growth at the cost of