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Make In India, Renewable Energy: Two Sides Of The Same Coin
Total Articles: 33
The government’s recent clean energy initiatives that mandate the large-scale deployment of energy from renewable sources and the launch of the Make in India programme that seeks to encourage manufacturing of goods and services within the country - are clearly two of its biggest and most ambitious endeavours.
Its only on a closer inspection that one realizes how closely both these missions are linked and can be made even more complementary to each other.
India’s acute power shortages and erratic power supply has always been a deterrent to the growth of industry. As per industry reports, approx 26% companies face disruptions in power supply in excess of 21 hours/per week, while another 68% are plagued by power cuts for upto 10 hours/per week.
Given this bleak scenario, larger industries have no option other than relying on costly and highly polluting diesel-based back-up systems to keep running. However it’s the small and medium-sized enterprises (MSMEs) that are the worst hits by these frequent power outages since they cannot afford such expensive options.
The solution lies in the deployment of decentralised solar power solutions, which despite being relatively more expensive than grid-based thermal power sources provide electricity at rates lower than diesel-based systems that are currently the preferred option in rural India.
MSMEs are the backbone of the government’s ‘Make in India’ mission. Decentralised solar power solutions can help this sector grow by overcoming the challenges of intermittent power supply and an over-dependence on expensive diesel-powered systems.
The creation of new employments opportunities is another prime focus of the ‘Make in India’ mission, with India requiring an estimated 10 million new jobs per year. The target of generating 100 GW of solar energy in India comes with an inherent promise of generating more than a million new employment opportunities.
As per initial analysis prepared by the CEEW and NRDC, a million fulltime jobs in addition to approx 300,000 long-term recurring jobs are likely to be created in different phases of the project planning, construction, commissioning, operations and maintenance of the proposed 100 GW of installed solar capacity by 2022.
By ensuring that both these ambitious programmes work in close cohesion, India can easily avail of a win-win situation for itself in the long term. While on the one hand, it strives to transform its fossil-fuel based economy to a self-reliant, renewable energy model, the resulting creation of new jobs and manufacturing opportunities for small and medium enterprises will play an integral role in the success of its ‘Make in India’ mission.
Welspun Renewables is on a mission to power a green India and help the country meet her growing demand for energy in an eco-friendly and efficient manner.
Generating 100 GW of solar energy in India comes with the promise of generating more than a million jobs.
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