Policy Indications: Universities Can Set Benchmarks Above AICTE  |  National Edu News: New findings on conjectures used in number theory  |  Science Innovations: DST INSPIRE faculty on alternative anti-cancer therapy with transgenic zebrafish  |  Science Innovations: Scientists develop gold microstructure substrate with tunable wettability  |  National Edu News: POWERGRID signs agreement to improve telecom connectivity in hilly areas of HP  |  Education Information: MeitY to establish a Quantum Computing Applications Lab, Powered by AWS  |  Education Information: NITI Aayog to Launch Second Edition of India Innovation Index 2020  |  Policy Indications: A Dialogue on National Education Policy 2020 at Nehru Centre, London   |  Policy Indications: ‘75% marks in class 12’ eligibility criteria under JEE (Main) 21-22 waived off  |  Policy Indications: Syllabus of JEE and NEET to remain unchanged for the year 2021  |  Leadership Instincts: Millennials Better Lead Than Manage  |  Guest Column: Metro Rail Vs Automobile-The Economics of Premium Public Transport Pricing  |  International Edu News: What will education look like in future  |  Leadership Instincts: Advanced Leadership Initiative welcomes its most diverse group of fellows  |  International Edu News: Diet may influence risk of aggressive prostate cancer  |  
April 18, 2020 Saturday 08:50:16 PM IST

MNRE gives major push towards setting up RE Equipment Manufacturing Parks

Policy Indications

The Ministry of New and Renewable Energy(MNRE) has initiated action in big way towards setting up new hubs for manufacturing renewable energy equipments in the country to meet both domestic and also cater to global demand. With this objective in view, Ministry has written to various State Governments and various Port Authorities to identify land parcels of 50-500 acres for setting up such Parks. Tuticorin Port Trust, States of Madhya Pradesh and Odisha have already expressed their keen  interest in setting up RE Manufacturing Parks.

Secretary, MNRE Anand Kumar has already held meetings with RE manufacturing companies last week. Ministry also got in touch with Trade Commissioners / Representatives of various countries inviting them to invest in this promising opportunity in India. Secretary, MNRE also addressed the US India Strategic Partnership Forum earlier this week through Webinar and sought collaboration and investment by US Firms.

These hubs will manufacture equipments like silicon ingots & wafers, solar cells & modules, wind equipments and ancillary  items like back sheet,  glass, steel frames, inverters, batteries etc. At present, country has around 10 GW of Wind equipment manufacturing capacity. In case of Solar Cells and Modules India imports about 85 % from abroad.  To incentivise domestic manufacturing, Government of India already announced provisions to enable levying of Basic Customs Duty on import of  solar cells and modules.

It may be stated that in a time when many companies are planning to shift their manufacturing base from China, it is opportune time for India to bring policy changes for facilitating and catalysing manufacturing in India. In tune with this, MNRE has set up RE Industry Facilitation & Promotion Board to facilitate investment in RE the sector. The Ministry has also strengthened the clauses in Power Purchase Agreements(PPAs) to boost investor confidence. The three Power and RE Sector NBFCs namely PFC, REC and IREDA have reduced their repayment charges to 2% for enhancing the fund availability for new projects in the sector. More over, IREDA has brought out a new Scheme for project specific funding to promote RE manufacturing in India.


Further, Ministry is making special efforts to boost export of RE Services like project designing, operations and maintenance. Today, the practices adopted by RE sector in India in project & grid development and maintenance are among the best in the world and hence a huge opportunity is available for export of RE Services.


Comments