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CII Aatmanirbhar Bharat-Opportunities in Renewable Energy Manufacturing

CII Aatmanirbhar Bharat-Opportunities in Renewable Energy Manufacturing

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Piyush Goyal

– India is self-sufficient in terms of manufacturing equipment for hydro power plants.
– States to accept more RE more banking, waiver of InSTS and more hybrid plants.
– Railways will be electrified in next 3 and half years.
– In next 9 years, railways will be powered 100% through clean energy.
– Railways will issue tenders for aggregate of 20 GW by 2030.
– It will be mandatory for participants in these 20 GW tender to have RE products manufactured in India.
– From 01.08.20, 20% BCD on cells and modules.
– 100% FDI allowed through automatic route in RE manufacturing.
– ISTS charges waived off till 31.12.22
– PM KUSUM scheme will also increase demand for solar manufacturing
– States need to give policy commitment (Must respect the sanctity of a contract)
– It is high time to phase out conventional power plants whose life has been more than 25 years.
– Aatmanirbhar Bharat is not different than ‘Select USA’ or ‘European Union’. It is only increasing the quality standards.

Nitin Gadkari

– MSMEs contribute to 30% of growth.
– 22 green highways coming up connecting ports and railways.
– LNG and CNG stations will be set up on highways
– Need to convert Diesel trucks to LNG trucks for cheaper transportation (CAPEX of 8 to 10 lakh Rs per truck)
– New transparent agency for credit rating of MSMEs.
– Need to allocate capital from banks and NBFCs to MSMEs.
– Prakash Javdekar (Environment minister) is doing a good job. The draft environment policy promotes faster environment and forest clearance, wherein a company will have to give commitment that it will not exceed the pollution norms to avail clearance. If it violates those norms post clearance, it will be penalized heavily.

Anand Gupta Editor - EQ Int'l Media Network
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