Govt seeks to set up three power gear making zones

By Livemint

The Union budget has announced a scheme under the Atmanirbhar Bharat package for setting up three manufacturing zones for critical power and renewable energy equipment.

“This scheme is for setting up of three manufacturing zones for power and renewable equipment to be set up in three different states. The facilities shall be based on cutting edge, clean, and energy efficient technology for minimizing dependency on import of equipment, critical components, basic raw material, and critical spares required for the power sector and renewable (energy),” the budget documents said.

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