RENEWABLE ENERGY

Rajasthan has great opportunity for domestic manufacturing in energy sector: FICCI

Rajasthan is home to most of the conventional and non-conventional sources of energy generation. The government of India has released its roadmap to achieve 175 GW capacity in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power.

The Union government is preparing a ‘rent a roof’ policy for supporting its target of generating 40 gigawatts (GW) of power through solar rooftop projects by 2022. Coal-based power generation capacity in India, which currently stands at 229.40 GW, is expected to reach 330-441 GW by 2040. In 2018-19, the total imports in the conventional power sector were around Rs 75,000 crore and $2.9 billion in the renewable energy segment.

All this offers tremendous opportunity for stimulating domestic manufacturing and import substitution in the energy sector, said N.K. Jain, Chairman, FICCI Rajasthan Sub-Committee on MSMEs, at a webinar attended by around 200 participants.

Source
ET Energy World
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