Union Minister of State for New and Renewable Energy Shri Bhagwant Hauba has said that schemes such as promoting production of high-efficiency solar panels with a budget outlay of Rs 24,000 crore will boost local solar panel production. The minister urged the industry to price solar modules sensibly and not to abuse the basic customs duty by increasing the prices of domestic panels. The minister also spoke about the need to ensure competitive prices for domestic developers. The minister said this while addressing the inaugural session of the 1st India Solar Summit held today, December 15, 2023, in New Delhi and jointly organized by the National Solar Energy Federation of India (NSEFI), Solar Power Europe and EU India Clean Energy. . . and climate partnership.
The Indian government is thinking holistically to ensure sustainability and a win-win situation, the minister said. "The Government is constantly consulting with all stakeholders, receiving feedback and listening to everyone's advice, and is committed to ensuring fairness for all."
On this occasion, the Minister presented a report on "Sustainability and Sustainability of the Photovoltaic Energy Supply Chain: A Case Study of India-EU Cooperation".
Shri Haubha, in his keynote address, emphasized that solar energy production is a growing sector, especially in India, and that the country has set new targets at the COP and achieved them, keeping in mind the needs of the growing population and the goal of achieving net zero. until 2070. He also talked about the Aatmanirbhar Bharat mantra uttered by the Prime Minister and how world leaders including Russian President Vladimir Putin appreciated the initiatives taken by the Government of India under the leadership of the Prime Minister. “All industries must achieve self-sufficiency; Government policies are implemented in this direction to promote investment opportunities in all sectors.
The minister assured the investors of the government's stability and political correctness in the coming years and urged them to take advantage of the existing opportunities.
The event was attended by representatives of the industry and officials of the Ministry of New and Renewable Energy.
(Taking into account contribution to GDP)
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