VT

Varun TokasAIR 117

Question 4GS3GS3

Setting up new industrial infrastructure for renewable energy in India is a daunting task. How does the government plan to encourage private sector participation in this emerging sector?

Open scan (p.7)

Main Body

High initial costs and risks nature of renewable ventures have led to challenges in increasing industrial infrastructure for renewable energy. It is a daunting task to set this up (1) High capital costsCycle financial risk in straining up factories (2) Supply chain risksRare earths are monopolized by China but are crucial in manufacturing renewable technology (3) Uncertain demandImpedes profitability of industrial ventures as low demand will lead to revenue shortfall (4) Inadequate skilling of labour force

leads to slow innovation and progress Govt plans to increase private sector participation (1) Viability gap funding helps bridge initial costs in setting up solar parks and wind farms (2) RPOs ensure baseline demand for power output and promote profitability of ventures (3) National Mineral Minerals Mission will lead to assured supply of raw materials encouraging private partnership (4) Skilling schemes like PM EUV help supply qualified labourforce capable of engaging in industrial entrepreneurship Hence government-backed assurances will help increase private sectorconfidence in industry-building.

166 words1 paragraphs

Conclusion

Hence government-backed assurances will help increase private sector confidence in industry-building.

11 words

Topper

Varun Tokas

AIR 117

Subject & Paper

GS3GS3

Topic

Science and Technology

Clean Energy

Renewable energy infrastructure challenges

Writing Stats

177

Total words

1

Paragraphs

analytical

Tone