April 18, 2020 12:40 PM

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MNRE urges states to set up renewable energy equipment parks

Ministry of New and Renewable Energy has initiated action towards setting up new hubs for manufacturing renewable energy equipment's to meet both domestic and global demand. Ministry has written to various state governments and various port authorities to identify land parcels of 50 to 500 acres for setting up such Parks. Tuticorin Port Trust, Madhya Pradesh and Odisha have already expressed their interest in setting up Renewable Energy Manufacturing Parks.<br />'' <br />'' Secretary, Ministry of New and Renewable Energy, Anand Kumar has already held meetings with Renewable Energy manufacturing companies last week. Ministry has also got in touch with Trade Commissioners and representatives of various countries inviting them to invest in promising opportunity in India. Further Secretary, MNRE addressed the US India Strategic Partnership Forum earlier this week through Webinar and sought collaboration and investment by US Firms.<br />''<br />''At a time when many companies are shifting their manufacturing firms from China, it is time for India to bring policy changes for facilitating manufacturing in India. In tune with this, the Ministry has already set up Renewable Energy Industry Facilitation and Promotion Board to facilitate investment in the sector.<br />

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