NITI Aayog Proposes 60% Local Sourcing for Wind Energy Plants
POWER & RENEWABLE ENERGY

NITI Aayog Proposes 60% Local Sourcing for Wind Energy Plants

NITI Aayog has proposed a policy requiring wind energy projects in India to source at least 60% of their components locally by value. This initiative aims to bolster the domestic manufacturing sector and reduce dependency on imports, thereby promoting self-reliance and energy security.

The proposal is part of a broader effort to enhance India?s renewable energy capacity and stimulate local industry growth. By increasing local sourcing, the government hopes to generate employment, stimulate economic development, and ensure sustainable energy practices.

This move aligns with the "Make in India" campaign, aiming to transform India into a global manufacturing hub. NITI Aayog's recommendation underscores the importance of integrating local industries into the renewable energy supply chain, which could lead to the development of advanced manufacturing capabilities within the country.

Additionally, the policy is expected to encourage innovation and competitiveness among local manufacturers, helping them to meet global standards. This could result in a more resilient and self-sufficient energy sector, capable of meeting the country?s growing power demands sustainably.

By implementing this local sourcing requirement, India aims to achieve a balance between fostering economic growth and advancing its renewable energy objectives. This strategy not only supports the domestic economy but also contributes to global efforts to combat climate change by promoting cleaner energy solutions.

NITI Aayog has proposed a policy requiring wind energy projects in India to source at least 60% of their components locally by value. This initiative aims to bolster the domestic manufacturing sector and reduce dependency on imports, thereby promoting self-reliance and energy security. The proposal is part of a broader effort to enhance India?s renewable energy capacity and stimulate local industry growth. By increasing local sourcing, the government hopes to generate employment, stimulate economic development, and ensure sustainable energy practices. This move aligns with the Make in India campaign, aiming to transform India into a global manufacturing hub. NITI Aayog's recommendation underscores the importance of integrating local industries into the renewable energy supply chain, which could lead to the development of advanced manufacturing capabilities within the country. Additionally, the policy is expected to encourage innovation and competitiveness among local manufacturers, helping them to meet global standards. This could result in a more resilient and self-sufficient energy sector, capable of meeting the country?s growing power demands sustainably. By implementing this local sourcing requirement, India aims to achieve a balance between fostering economic growth and advancing its renewable energy objectives. This strategy not only supports the domestic economy but also contributes to global efforts to combat climate change by promoting cleaner energy solutions.

Next Story
Real Estate

MARC Auditorium

Spanning 80 acre on the outskirts of Bengaluru, the Manipal Academy of Higher Education (MAHE) recently inaugurated the Dr Ramdas M Pai Convention Hall and Food Court (MARC), a 123,000-sq-ft facility comprising a 1,200-seater auditorium above and a two-level food court below.Elaborating on the design framework, Akshay Heranjal, Co-Founder and Principal Architect, The Purple Ink Studio, remarks, “The design programme included two distinct facilities: a food court spanning two (lower) levels and a 1,200-seater auditorium positioned above. A rectangular soft enclosure of a p..

Next Story
Infrastructure Transport

Ceigall 2.0 has begun and the journey ahead looks promising

"We are a nearly 23-year-old company and if I had to define Ceigall, it’s simple – what comes on the road, we build it,” said Ramneek Sehgal, Managing Director of Ceigall India, which is known for its ability to deliver complex projects on time, such as the successful completion of the Katra Expressway. “Ceigall is making its mark in India's construction landscape. From highways, expressways and elevated roads to railways, metro railways, runways and tunnels – you name it, we do it. Beyond roads, we’re also into utilities and solar energy projects. We've already installed thre..

Next Story
Infrastructure Urban

Hyderabad Ranked Fastest Growing City for Infra Development

Hyderabad has emerged as the fastest-growing city in India among the top six, excelling in key areas such as governance, socio-economic profile, physical infrastructure, and real estate. According to the latest India Prime City Index report by Knight Frank India, the city has experienced remarkable growth, driven by extensive infrastructure projects, a surge in real estate demand, and a rising population of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). Proactive policy initiatives have also played a role in enhancing the city’s socio-economic landscape. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000