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?
Main Body
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.
Conclusion
Hence government-backed assurances will help increase private sector confidence in industry-building.
11 words
Varun Tokas
Science and Technology
Clean Energy
Renewable energy infrastructure challenges
177
Total words
1
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analytical
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