Prime Minister Narendra Modi these days mentioned that tright here are large renewable power deployment plans for the subsequent decade, which are probably to produce business enterprise prospects of the order of about $20 billion per year. Inviting the worldwide investors, developers, and organizations to join India’s renewable power journey, PM Modi added that India has a really liberal foreign investment policy for renewables. The foreign investors can either invest on their personal or they can collaborate with an Indian firm, PM Modi additional mentioned. After the achievement of PLI in electronics manufacturing, the government has decided to give comparable incentives to higher-efficiency solar modules. The Prime Minister underlined that guaranteeing ‘Ease of doing business’ is the government’s utmost priority. Inviting worldwide investors, he also mentioned that India has established committed Project Development Cells to facilitate investors.
Highlighting the achievements of India in the green power sector, PM Modi mentioned that in the final 6 years, India has travelled on an unparalleled journey and it is expanding our generation capacity and network to guarantee every single citizen of India has access to electrical energy to unlock his complete prospective. PM Modi added that in the earlier editions, Indian shared its plans for a journey from megawatts to gigawatts in renewable power, and “One Sun, One World, One Grid” to leverage solar power. In a brief time, quite a few of these plans are becoming a reality, PM Modi added although speaking at the inauguration of the virtual 3rd Global Renewable Energy Investment Meeting and Expo.
PM Modi additional mentioned that these days India’s renewable energy capacity is the fourth biggest in the planet and it is increasing at the quickest speed amongst all key nations. The renewable power capacity in India is at present 136 Giga Watts, which is about 36 per cent of our total capacity, he informed. In the discussion, Dan Jorgensen, the Minister of Climate and Energy and Public Utilities, Denmark, mentioned that renewables will not just energy our houses and offices but also energy up our employment prices. He added that Denmark is in help of India’s renewable power vision and that of saving the planet with intelligent choices.
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Meanwhile, the theme for RE-Invest 2020 is ‘Innovations for Sustainable Energy Transition’, and the occasion will continue for 3 days. It will involve renewables and future power alternatives, and an exhibition of makers, developers, investors, and innovators. It is anticipated to be attended by more than 75 international ministerial delegations, more than 1,000 worldwide business leaders, and 50,000 delegates. The occasion aims to accelerate the worldwide work to scale up the improvement and deployment of renewable power and connect the worldwide investment neighborhood with Indian power stakeholders.