India's Solar PV Manufacturing Capacity Hits 67 GW in a Decade
POWER & RENEWABLE ENERGY

India's Solar PV Manufacturing Capacity Hits 67 GW in a Decade

India's solar PV module manufacturing capacity has surged from 2.3 GW to 67 GW over the past decade, largely due to the "Make in India" initiative. The government is actively promoting domestic manufacturing through policies such as the Production-Linked Incentive (PLI) scheme, which has attracted 48 GW of solar manufacturing projects. Union Minister Pralhad Joshi highlighted the commitment to make India self-reliant in solar PV manufacturing and to establish a robust global presence in clean energy solutions.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

India's solar PV module manufacturing capacity has surged from 2.3 GW to 67 GW over the past decade, largely due to the Make in India initiative. The government is actively promoting domestic manufacturing through policies such as the Production-Linked Incentive (PLI) scheme, which has attracted 48 GW of solar manufacturing projects. Union Minister Pralhad Joshi highlighted the commitment to make India self-reliant in solar PV manufacturing and to establish a robust global presence in clean energy solutions.

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Building Material

Ambuja to join alliance for Industry Decarbonisation

Adani Group's Ambuja Cements announced that it had joined the Alliance for Industry Decarbonisation (AFID), a global collective aimed at accelerating the Net Zero transition in line with the Paris Agreement. According to the statement, Ambuja is the first cement manufacturer globally to join AFID, a platform for exchanging insights and experiences among stakeholders in energy-intensive industries. The company revealed its goal of achieving Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). Ambuja has also committed to investing Rs 100 billion in renewable ..

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Infrastructure Urban

Maharashtra revises stamp duty rates

A cash-strapped Mahayuti government – burdened with spiralling loans, budgetary provisions for populist schemes such as Ladki Bahin, Ladka Bhau and all – has decided to revise stamp duty rates, a move likely to add Rs 20 billion to its kitty. The decision will change stamp duty structure ranging from a small sum such as Rs 100 – which until now, was applicable for the registration of documents – to an unspecified amount, depending on the value of the amount involved in awarding work contracts, amalgamation, restructuring, division and mergers. The state cabinet decision, taken on Monda..

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Real Estate

MHADA sends 1,200 notices to developers

The Maharashtra Housing and Area Development Authority (MHADA) has issued approximately 1,200 notices to various developers and housing societies in Mumbai as part of its initiative to take control of stalled redevelopment projects on their properties. This move follows an amendment to the Maharashtra Housing and Area Development Act of 1976, which granted MHADA the authority to independently oversee redevelopment on its plots when developers and residents fail to propose any plans for residential building redevelopment, regardless of the reasons for the failure, such as disputes or ongoing li..

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