India\u2019s renewable energy sector will witness a large part of incoming investments in the areas of indigenous products, innovative start-ups, transmission, and generation space in the coming years, said industry experts at a panel discussion in The Economic Times Energy Leadership Summit 2021.<\/p>\n
According to Deepak Bagla, managing director and chief executive officer, Invest India, the country has huge potential in terms of investment opportunities.<\/p>\n
\u201cIndia had about $10 billion of foreign direct investment from 2000-2020 in the renewable energy sector, and of this over 50 per cent has come in the past five years,\u201d said Bagla.<\/p>\n
Industry experts said that India\u2019s RE sector requires over $500 billion in the next decade — in wind and solar infrastructure, expansion and modernisation and for the indigenisation of batteries, etc.<\/p>\n
\u201cAccording to our Order book, indicated investments flow in India\u2019s RE sector was about $70 billion before March 2020 i.e. the start of the pandemic and now it is $168 billion,\u201d added Bagla.<\/p>\n
Invest India is the national investment promotion and facilitation agency that helps investors looking for investment opportunities and options in India.<\/p>\n
When it comes to drivers of RE\u2019s future trajectory in the country, panelists agreed that disruptive technologies and creative innovations would be key.<\/p>\n
According to Anita Marangoly George, executive vice-president and deputy head, CDPQ Global, for India to leapfrog in the global RE manufacturing trend it needs to make use of comparative advantages over other nations such as China.<\/p>\n
\u201cIndia has a comparative advantage when it comes to software\u2026 We can become one of the most modern manufacturing centres in the world. Artificial Intelligence, machine learning and 3D printing can also be used to start a trend of \u2018software heavy\u2019 manufacturing,\u201d said George.<\/p>\n
Apart from this, she added that incentivising the private sector for a long term to enter the manufacturing sector would be important along with an increased government focus on the supply of commodities on which the RE sector depends.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s renewable energy sector will witness a large part of incoming investments in the areas of indigenous products, innovative start-ups, transmission, and generation space in the coming years, said industry experts at a panel discussion in The Economic Times Energy Leadership Summit 2021. According to Deepak Bagla, managing director and chief executive officer, Invest India, the country has huge potential in terms of investment opportunities. \u201cIndia had about $10 billion of foreign direct investment from 2000-2020 in the renewable energy sector, and of this over 50 per cent has come in the past five years,\u201d said Bagla. Industry experts said […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-421026","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=421026"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421026\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=421026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=421026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=421026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}