Minister calls on startups to innovate solutions for water harvesting
India is achieving renewable energy goals well ahead of schedule, with 50% renewable energy capacity already installed out of the 500 GW target by 2030, Minister of Commerce and Industry Piyush Goyal told delegates at CII’s 20th Global Sustainability Summit in New Delhi on 2 Sept https://www.commerce.gov.in/.
He pointed out that renewable power is now available in India at globally unmatched prices, around Rs.4.60 to Rs.5.00 per kWh for 24-hour clean energy supply http://mnre.gov.in.
He added that there was no contradiction in simultaneously pursuing coal and renewables, and that transparent bidding processes reduced the price of solar power from Rs.7–8 to Rs.2.41.
He informed the delegates that India now has the ability to offer renewable energy round-the-clock at highly competitive rates unmatched globally https://www.nseindia.com/.
The Minister called on startups to innovate solutions for challenges such as water harvesting and energy efficiency https://www.bseindia.com/.
Goyal further said that India’s supply chains are resilient, and the nation is not at the mercy of any other country choosing to switch on or switch off the tap.
On sustainability, the Minister underlined that it is not only about renewable energy or pollution, but also effective use of water resources and addressing the risks of climate change such as flash floods, cloudbursts, and flooding in cities due to haphazard planning. These, he said, can become opportunities for further economic growth. fiinews.com
