Updated on January 09, 2025 03:59:58 PM
The Make in India initiative has positively transformed the power sector with regards to innovation, self-reliance and sustainable energy solutions. As the electricity demand and the need for renewable energy resources as well as sophisticated power systems are growing day by day, India has a great potential to become one of the primary energy supplying and delivering countries in the world. Some of the policies, which the government of India has unveiled under Make in India scheme include Solar Power, Integrated Power Development Scheme (IPDS), and Ujwal Discom’s Assurance Yojana (UDAY) for the growth of the power sector. The measures of the Make in India program are to decrease import dependency on energy, create new jobs, and improve the development of technologies. Find out how Make in India is revolutionizing the power sector of India with our team of experts at Professional Utilities.
The Make in India which was launched in September, 2014 and aims at making India a preferred power manufacturing destination of the world. The Make in India initiative has a crucial role as the promoter of the power sector development because this sector influences any country’s economic growth and energy security. Through encouraging demand for renewable energy, infrastructure development and adoption of new technologies, the ‘Make in India’ scheme aims at cutting down import of power equipment, increasing manufacturing capabilities in the power sector, and mobilizing investments. The Make in India program sets up India as the contestant in this global field of energy supply. The following article focuses on the Make in India schemes which described a revolutionary change in the power sector, particularly concentrating on the production of renewable energy supply, fabrication of power equipment in India.
The Government of India has identified the power sector as one of the focus areas under its Make in India program, offering the following benefits to businesses in the energy industry:
The government has implemented various schemes to support power sector under Make in India:
It promotes smart grid infrastructure to optimize energy usage and distribution.
Incentivizes solar and wind energy projects to boost domestic production.
Encourages manufacturing of solar photovoltaic (PV) modules and other critical power equipment.
It focuses on rural electrification and power distribution reforms.
Renewable energy is one of the critical components of the Make in India campaign in the power segment. With a target of achieving 500 GW of non-fossil fuel capacity by 2030, the program is actively supporting:
While the Make in India program has driven growth in the power sector, significant challenges remain, and addressing these issues is crucial for fully realizing the potential of Make in India for the energy industry:
Make in India plays a key role in changing the face of the power sector in India by bringing in self-generating, renewable resources, and enhanced infrastructure. The Make in India program has set the tone for India’s growth to be the global energy hub through increasing domestic manufacturing, attracting Investment, and encouraging renewable resource utilization. Through launched policies under Make in India initiative such as the National Smart Grid Mission and PLI Scheme, the growth has only been bolstered. However, issues such as; infrastructure development lags behind, import dependency and lastly financing issues are still present. Solving these problems is central to unlocking the full potential of the Make in India scheme to deliver energy self-reliance and make India a global hub for sustainable energy solutions.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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Make in India is an Indian government’s campaign to turn India into a manufacturing country for the power sector by cutting reliance on imported goods, supporting the development of local production and promoting investments – new technologies such as renewable power generation.
Some of the policies under Make in India are the National Smart Grid Mission(NSGM), Renewable Energy Development Schemes, Production Linked Incentive (PLI) Scheme for solar PV module manufacturing and DDUGJY for rural electrification.
Renewable energy is one of the key themes of the initiative with such goals like 500 GW non-fossil fuel based installed capacity by 2030. Measures include support for the development of solar panels, wind turbines, and big hydro power plants inside the country.
Make in India for power equipment wants to encourage domestic manufacturing, has a vision to promote renewable sources of energy, has brought in reforms for the power sector with the view to reduce imports, get investment for the manufacturing sector and make India globally a leader in energy systems.
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