{"id":128438,"date":"2026-02-09T11:29:25","date_gmt":"2026-02-09T05:59:25","guid":{"rendered":"https:\/\/www.upsinverter.com\/utl\/?page_id=128438"},"modified":"2026-02-10T11:14:08","modified_gmt":"2026-02-10T05:44:08","slug":"budget-2026-solar-interview-pawan-garg","status":"publish","type":"page","link":"https:\/\/www.upsinverter.com\/utl\/budget-2026-solar-interview-pawan-garg\/","title":{"rendered":"Mr. Pawan Garg Exclusive Interview on Budget Manthan 2026"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\t\u201cNot for jobs \u2014 but to build jobs. Not for salary \u2014 but to build an ecosystem.\u201d\nThat\u2019s the audacious spirit that fuels India\u2019s next generation of innovators.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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In a one-of-its-kind session of Budget Manthan 2026<\/strong>, host Asha Jha welcomed a remarkable voice whose journey from an engineering student to one of India\u2019s entrepreneurial success stories is nothing short of cinematic.
Today, we bring you that inspiring conversation with Pawan Garg \u2014 Chairman and Joint Managing Director of Fujiyama Power Systems<\/strong>, unpacked with insights every student, entrepreneur, and solar enthusiast must read.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The Beginner\u2019s Story: From Two Engineering Graduates to Industry Builders\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\t\t\tRecounting the early days of his career, Mr. Pawan Garg reflected on a decision that would define his path. In 1996, fresh out of engineering college, he and his classmate Mr. Yogesh Dua chose not to pursue high-paying jobs. Instead, they set out to build something of their own. Their first order\u2014just three inverters, and that too got damaged in transit.\u2014marked the beginning of a journey driven by experimentation, persistence, and a willingness to learn from setbacks.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tYet that didn\u2019t stop them. They fixed it, learned from it, and kept going \u2014 the kind of relentless spirit that turns chance into legacy.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Fast-forward to today: the company they seeded has evolved into a \u20b91,500 crore-plus enterprise (and growing)<\/em> \u2014 yet Pawan Garg still says he feels like he just stepped out of college. That simplicity, humility, and hunger haven\u2019t faded with success.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Mr. Yogesh Dua<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Mr. Pawan Garg<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Why Not a Job? Why Build an Enterprise?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tWhile traditional mindsets push engineering graduates toward high-paying jobs, Pawan garg chose the road less taken:\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\u201cI saw suppliers with small setups during internships \u2014 and realized entrepreneurship was possible even from a humble beginning.\u201d\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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That instinct led him to propose a startup idea to his classmate Yogesh in the fifth semester. Together, they experimented, built, failed, and finally found their breakthrough with inverters<\/strong> \u2014 a product that, once launched, sold like wildfire.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tThis journey \u2014 from \u20b915,000 backyard systems to large\u00ad-scale solar setups \u2014 exemplifies the true essence of Indian innovation.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Budget 2026 & Solar: A Turning Point for Rooftop Deployment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe Government of India has dramatically increased its focus on rooftop solar in the Union Budget 2026:
\n\ud83d\udd39 \u20b922,000 crore allocated to the Pradhan Mantri Surya Ghar Muft Bijli Yojana \u2014 up from \u20b920,000 crore last year. This scheme seeks to expand clean power generation across homes nationwide.
\nThis isn\u2019t merely budgetary increase \u2014 it\u2019s a strategic nudge toward distributed energy independence, energy cost savings for households, and broader climate targets.
\nPawan Garg calls this shift historic \u2014 but he\u2019s also candid about why adoption hasn\u2019t been faster.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Why Aren\u2019t Rooftop Solar Systems Being Adopted Faster?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tEven though rooftop solar is economically compelling \u2014 with systems around \u20b91\u20132 lakh and government subsidy up to \u20b978,000 \u2014 many households still haven\u2019t made the leap.\nWhy?\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t Awareness gaps<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tFinancing frictions<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tPawan explains that while financing options and subsidies exist, accessibility, awareness, and ease of execution remain the biggest bottlenecks.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tIn some markets, his company even offers systems beginning at \u20b915,000 \u2014 designed for low-income homes and small shops \u2014 proving that affordability is only the first step in a larger adoption journey.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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    How Solar Actually Saves Your Money<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tHere\u2019s the simple math that gets the masses excited:\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t A typical 3 kW rooftop solar system, after subsidies and financing, can pay for itself in under 3 years.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
    • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t That translates into bill savings, energy independence, and even potential income (if excess power is routed into the grid).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\tThis is clean power \u2014 but more than that \u2014 it\u2019s household economic security.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\tAnd if you\u2019re wondering why the government is allocating big budget sums to this? Rooftop solar reduces transmission losses and improves energy efficiency, offering long-term relief to the national grid and taxpayers.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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      Advice for Young Entrepreneurs & Startups\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\tFor those burning to build startups in solar and clean energy, Pawan Garg shared actionable pathways:\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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      \n\t\t\t\t\t\tFujiyama runs apprenticeship programs, training nearly 500 youth per year<\/b>\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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      \n\t\t\t\t\t\tThey operate UTL Shopy outlets <\/b>\u2014 over 1,100 local shops trained and empowered as solar vendors.\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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      \n\t\t\t\t\t\tYoung founders can start a business with \u20b94\u20138 lakh<\/b>, sometimes even zero initial capital under the company\u2019s guidance.\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      \u201cStart small,\u201d Pawan says, \u201clearn fast, and scale with conviction.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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      Budget 2026\u2019s Solar Trajectory and India\u2019s Energy Story\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\tThe renewed focus on rooftop solar isn\u2019t just about electricity \u2014 it\u2019s about transforming how India thinks about energy\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t Distributed generation<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t Reduced transmission losses<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tJob creation<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t Decentralized entrepreneurship<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        \n\t\t\t\t\t\t\t\t\tAcross states like Uttar Pradesh, rooftop solar adoption has skyrocketed \u2014 with nearly 3 lakh installations proudly completed under the PM Surya Ghar scheme \u2014 showcasing what\u2019s possible when policy aligns with grassroots uptake.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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        What\u2019s Next For India\u2019s Solar Future?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        \n\t\t\t\t\t\t\t\t\tMr. Garg believes we\u2019re only scratching the surface. For India to be truly energy-secure and globally competitive:\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tWe must expand decentralized solar access.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
        • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tWe must strengthen manufacturing and supply chains.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
        • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tYoung innovators must step up.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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          \n\t\t\t\t\t\t\t\t\t\u201cEnergy is the backbone of any developed nation. India is on that path, and rooftop solar will play a pivotal role,\u201d Pawan says \u2014 a statement that resonates powerfully in this budgetary moment.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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          Final Takeaway: Be the Employer of Tomorrow<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
          \n\t\t\t\t
          \n\t\t\t\t\t\t\t\t\tThis conversation wasn\u2019t just about solar panels or budgets.\nIt was about mindset.\nIt was a call to young India to dare, build, create \u2014 not just consume.\nFrom a small delivery mishap in 1996 to steering a clean-energy enterprise today, Pawan Garg\u2019s journey embodies a message every reader needs right now:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
          \n\t\t\t\t
          \n\t\t\t\t\t\t\t\t\t

          \u201cDon\u2019t wait for tomorrow. Your opportunity starts today.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          https:\/\/www.youtube.com\/watch?v=TPv55O6Dbz4\u201cNot for jobs \u2014 but to build jobs. Not for salary \u2014 but to build an ecosystem.\u201d That\u2019s the audacious […]<\/p>\n","protected":false},"author":1539,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-128438","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/pages\/128438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/users\/1539"}],"replies":[{"embeddable":true,"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/comments?post=128438"}],"version-history":[{"count":32,"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/pages\/128438\/revisions"}],"predecessor-version":[{"id":128512,"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/pages\/128438\/revisions\/128512"}],"wp:attachment":[{"href":"https:\/\/www.upsinverter.com\/utl\/wp-json\/wp\/v2\/media?parent=128438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}