Prime Minister Narendra Modi on Thursday announced that there are huge renewable energy deployment plans for India for the next decade which are likely to generate business prospects of around $20 billion per year.
In his address after inaugurating the 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020), through video conferencing, he invited investors, developers and businesses to join India's renewable energy journey.
He said that after the success of Performance Linked Incentives (PLI) in electronics manufacturing, the government has decided to give similar incentives to high efficiency solar modules, as per an official statement.
Stressing that ensuring 'ease of doing business' is their utmost priority and dedicated Project Development Cells have been established to facilitate investors, he said that in the last 6 years, India has travelled on an "unparalleled journey".
The Prime Minister noted that India's renewable power capacity is the fourth largest in the world and is growing at the fastest speed among all major countries. The renewable energy capacity in India is currently 136 Giga Watts, which is about 36 per cent of its total capacity.
He said that India's annual renewable energy capacity addition has been exceeding that of coal based thermal power since 2017, and that in the last six years, India has increased installed renewable energy capacity by two and half times.
Modi was of the view that investing in renewable energy early on even when it was not affordable has helped in achieving scale, which is bringing costs down.
Braving the scorching heat, Tripura East records over 80 pc turnout
Despite the scorching heat, over 80 per cent of the 14 lakh voters cast their votes in the Tripura East Lok Sabha constituency where polling was held under a heavy security cover on Friday.
NCPCR initiates action against Mehbooba Mufti for 'using school children for election campaign'
In a significant development, the National Commission for Protection of Child Rights (NCPCR) on Friday took cognisance of a report on 'X' accusing PDP President and Anantnag-Rajouri Lok Sabha seat candidate Mehbooba Mufti of using school children for campaigning in the election.
PM Modi takes opposition to cleaners on EVMs, once again
Calling it a "historic day", Prime Minister Narendra Modi on Friday lauded the Supreme Court's decision to dismiss a batch of petitions seeking mandatory cross-verification of the votes cast in Electronic Voting Machines (EVMs) with Voter-Verifiable Paper Audit Trail (VVPAT) slips.
LS Poll: Over 1000 villagers did not cast vote; shows protest against bad road condition, improper drinking water facility
Over 1000 villagers of Maldapara of Gandacherra subdivision in Dhalai Tripura district on Friday boycotted the second phase of polling to East Tripura constituency and refrained from casting their vote as part of their agitation against bad condition of road in their village.
PM Modi roasts Cong, says former PM's video on 'priority for Muslims' demolishes its canards
Prime Minister Narendra Modi on Friday stepped up his offensive on the Congress and said that his plainspeak on the party’s double standards has ruffled many feathers in the INDIA bloc, so much so, that they have launched a tirade at him for speaking the truth.
CBI recovers huge cache of arms, explosives from house of Shahjahan’s relative at Sandeshkhali
The CBI on Friday afternoon conducted a raid at the residence of a relative of suspended Trinamool Congress leader Sheikh Shahjahan at Sandeshkhali in North 24 Parganas District and seized a huge cache of firearms and explosives.
Tripura records 54.47% turnout recorded till 1 PM in 2nd phase polling to East
The second phase of polling for the East Tripura Parliamentary constituency is underway amid tight security coverage, while 54.47% voter turnout was recorded till 1 pm on Friday. Voting commenced at 7 am and will continue until 6 pm. Tripura recorded the highest turnout at 36.42 per cent till 11 am.
DMs, SPs of violence-hit MP districts transferred
The farmers agitation entered its eighth day on Thursday. The peasants have been on strike since June 1, demanding loan waiver and fair price for their produce.