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India has huge potential to become the leader in solar energy sector: Vice President

Saturday,10 Mar 2018 03:01 PM IST

The Vice President M. Venkaiah Naidu has said that India has huge potential to become the leader in solar energy sector. He was addressing the inaugural session of ELECRAMA 2018, organized by the Indian Electrical and Electronics Manufacturing Association, in Noida, UP today.

The Vice President said that the Indian Electrical Equipment Industry consists of generation, transmission, distribution and allied equipment and this industry provides direct employment to 5 lakh persons, indirect to 10 lakh others and over 50 lakhs across the entire value chain. He further said that this industry is facing stiff competition from imports and is seeking the creation of a level playing field for the domestic industry.

"Various initiatives taken by the government have improved India’s rank in World Bank’s Ease of Getting Electricity Index from 99 to 26. At the end of December 2017, only 1370 villages remained to be electrified out of 18, 452 un-electrified villages", VP said.

"Global warming and climate change are affecting every aspect of our life and any new policy has to factor in the urgent need to protect environment and ensure sustainable development. He further said that with India ranking second in Renewable Energy Attractive Index 2017, this sector is bound to play a major role in the years ahead. Energy storage technologies are needed not only to create more resilient infrastructure but also to bring down costs", he added.

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