Power ministry to launch manufacturing programme for critical equipment

The Ministry of Power will launch a domestic manufacturing programme for critical power and renewable energy equipment at an outlay of Rs 1,500 crore in the coming financial year. The scheme titled ‘Manufacturing Zones under Atmanirbhar Bharat Package’ in the Union Budget would entail setting up three manufacturing zones in a year.
These zones are divided into three categories– coastal, land-locked and hilly states. The scheme would call for offers from the states to submit applications to set up these zones. The three selected zones would get Rs 500 crore each for the development of manufacturing hubs.