Future Power Bids to Include Bids For Advanced Technology: R.K. Singh

- Advertisement -

Demand side interventions like domestic content requirement under KUSUM and Rooftop Scheme that are being implemented by ministry to supplement the Aatmanirbhar Bharat efforts

Harbouring on the perfect timing to bring together various market players and catalyze cutting-edge PV manufacturing in India, NITI Aayog, Ministry of New & Renewable Energy (MNRE), and Invest India together organized a global symposium ‘India PV Edge 2020’ on Sixth October 2020.

R.K. Singh, Minister for Power (IC), and Minister for New and Renewable Energy (IC) stated that India has largest RE growing capacity in the world. India had promised on sidelines of COP-21 that by 2030, 40 per cent of the country’s energy capacity will be from Non-Fossil Fuel sources.

- Advertisement -

“We are already at 38.5 per cent and by 2030, 60 per cent of our energy capacity is expected to be from Non-Fossil fuel sources,” said Singh. He further said that India is on our way to achieve its targets of 175 GW of RE capacity by 2022 and 450 GW of RE by 2030.

The participating companies also had the opportunity to hear from the Indian policymakers involved in developing manufacturing schemes. Around 60 prominent Indian and global CEOs attended the event.

Implementing number of supply side interventions

Indu Shekhar Chaturvedi, secretary, Ministry of New & Renewable Energy, Government of India, said that the ministry is implementing a number of supply side interventions including BCD( Basic Customs Duty), Performance Linked Export Scheme and Interest Subvention Scheme to promote domestic manufacturing in RE sector. He also mentioned about demand side interventions like domestic content requirement under KUSUM and Rooftop Scheme that are being implemented by ministry to supplement the Aatmanirbhar Bharat efforts.

Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, highlighted that India has a 31 GW demand from government-sponsored schemes that require locally made solar panels and a large 300 GW target over the next ten years. He urged the PV manufacturing industry to utilize this large demand to invest in state-of-the-art manufacturing lines and collaborate with startups and research institutions to continue to increase the performance of the solar panels and reduce the cost.

“We are convinced that PV technology improvements will exceed general market expectations and will be the key anchor towards reducing the Solar deployment costs. India should innovate in every part of the value chain and strategically collaborate with global innovators to take a generation leap in Solar PV manufacturing. I urge the Indian solar industry and research labs to focus on new technologies like direct wafer manufacturing, Hetero-junction, tandem cells, and biaxial modules” said Amitabh Kant, CEO of NITI Aayog.

- Advertisement -

Most Popular Articles

Infineon, Stellantis Partner To Advance Next-Gen Vehicle Power

0
With a dedicated Joint Power Lab and secured supply agreements, the partnership is set to drive transformative advancements in EV performance, cost-effectiveness, and the...

Audi Launches New EV Brand In China, Drops 4-Ring Logo

0
On Thursday, Audi introduced a new electric vehicle brand in China, branding the cars solely with the name 'AUDI' instead of its traditional four-ring...
IIT Bhubaneswar

IIT Bhubaneswar Partners MOSart Labs To Boost Engineering Skills In Chip Industry

0
The aim is to help students with essential skills in areas such as very-large-scale integration (VLSI), semiconductor technology, analog and digital design, validation, and...
Jaguar concept EV

JLR Highlights Its Biggest Reinvention With The Concept Car Jaguar Design Vision

0
The four-door GT is anticipated to be Jaguar's most powerful model to date. Its targeted range is approximately 430 miles (700 kilometers), and its...

ISE Labs Expands With New OSAT Facility In Mexico

0
Turbocharging its growth in North America’s tech hub, ISE Labs is set to build an OSAT semiconductor facility in Jalisco, Mexico, eyeing to create...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Learn From Leaders

Startups