PERSPECTIVE
A SOLAR MANUFACTURING POWERHOUSE IN THE MAKING?
Solar PV manufacturing is one of the strategic sectors announced by the government as part of the post-Covid-19 Aatmanirbhar Bharat recovery initiative. Efforts are underway to make India a global hub for solar PV manufacturing. Amitabh Kant, The Niti Aayog CEO, said India with its huge market and relevant manufacturing advantages can be a giga-scale manufacturing destination for cutting-edge PV technologies across the entire value chain. India has the opportunity to be the global hub for solar PV manufacturing and we are confident of building competence, capabilities and capacities, especially in the sunrise areas of growth.
PRASHANT MATHUR, CMO, Adani Solar
Solar power in India is a fast developing industry. The country' s solar installed capacity is 36 GW as of now. The Indian government had an initial target of 20 GW capacity for 2022, which was achieved four years ahead of schedule. In 2015 the target was raised to 100 GW of solar capacity (including 40 GW from rooftop solar) by 2022, targeting an investment of US$100 billion. India has established nearly 42 solar parks to make land available to the promoters of solar plants.
As India is inching closer to its stated mission of 100 GW installed capacity, it is imperative to become “Atma Nirbhar” in solar PV manufacturing.
The present scenario perfectly reflects the Government of India’ s bold and decisive initiatives to make India a manufacturing hub and claim the export market, while satisfying the in-house requirements as well. Initiatives like Make in India, the introduction of SEZs, increasing export incentives, launching phased manufacturing programme (PMP) and Modified Special Incentive Package Scheme have helped India grow into a lucrative market for investment and progress. India’ s best chance for a phenomenal revival is also within one of these initiatives. The Indian manufacturing sector has the potential to become a $1 trillion industry by 2025, thus powering industrial and technological growth, creating jobs, claiming export markets, generating revenue and bringing in socio-economic growth. SEZs play a major role in the growth of the manufacturing industry.
"Solar PV manufacturing is one of the strategic sectors announced by the
Solar PV manufacturing is one of the strategic sectors announced by the government as part of the post-COVID-19 Atma Nirbhar Bharat recovery initiative. Efforts are underway to make India a global hub for solar PV manufacturing.
government as part of the post-COVID-19
India with its huge market and relevant manufacturing advantages can be a giga-scale manufacturing destination for the cutting-edge PV technologies across the entire value chain.
global hub for solar PV manufacturing."
Atma Nirbhar Bharat recovery initiative. Efforts are underway to make India a
Additionally, the recent evolving geopolitical situation has resulted in trade flows from China coming under intense scrutiny, and possibly heavy protection duties, thus posing an imminent supply risk to developers. Most developers will be revisiting their supply strategy, possibly moving away from China, or even considering self-manufacturing. This presents a unique opportunity for India to push ahead in its solar mfg. journey, and even become a preferred alternate supply hub of the world.
| NOVEMBER ISSUE 2020
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