Boosting India’s Solar Energy Sector: Opportunities and Challenges Ahead”: CMD SSEL visweswara reddy
Varahi Media.com online news,July 23, 2024 :”As expected, the union budget for 2024 emphasizes the importance placed on the solar and renewable energy industries. One noteworthy
Varahi Media.com online news,July 23, 2024 :”As expected, the union budget for 2024 emphasizes the importance placed on the solar and renewable energy industries. One noteworthy development is the PM Suryaghar Muft Bijli Yojana, which intends to construct ten million rooftop solar panels. India’s solar PV module producers stand to gain a lot from this move. It’s also a wise move to take copper wire connections, glass, and solar glass off the list of items exempt from customs duties. In order to assist the emerging domestic sector, this decision is essential.
Nevertheless, additional efforts are needed to accelerate the full development of manufacturing capabilities, for the entire manufacturing process (that is from polysilicon manufacturing to module assembly), which requires urgent support in areas like labor regulations, technology imports, land, and infrastructure. Swift action on these fronts is essential for India to meet its ambitious domestic production targets amidst numerous ongoing projects.”
“Pumped storage for power is another vital area with the potential for substantial savings and more efficient power generation utilization. We expect the new policy introduced by the Finance Minister in today’s budget to attract further investments and create new opportunities for manufacturers.” -Mr. Visweswara Reddy, Chairman & Managing Director, Shirdi Sai Electricals Limited Group.
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