Manufacturing and infrastructure
aren't the only areas where China has beaten India hollow by establishing
world-class capacities. The communist nation, the world's largest polluter, has
stolen a march on India in the renewable energy space too, investing a cool $56
billion in the sector over the past few years, making India's $6 billion look
paltry.
Representatives of the Narendra Modi government and industry experts say the country must consider China's model of penalising old coal-based plants, having an economically viable long-term policy and giving huge monetary incentives for both generation and manufacturing while drafting the new renewable energy policy.
Representatives of the Narendra Modi government and industry experts say the country must consider China's model of penalising old coal-based plants, having an economically viable long-term policy and giving huge monetary incentives for both generation and manufacturing while drafting the new renewable energy policy.
Industry leaders also say that like
China, India must strictly enforce the obligation on distribution companies to
purchase power produced from renewable sources and penalise those who fail to
meet their targets.
"China does have an edge over us in the entire renewable energy space but they also have a first-mover advantage," said Narendra Taneja, national convenor of the energy cell at the ruling Bharatiya Janata Party. "We in the BJP strongly believe that renewable energy will play ..
"China does have an edge over us in the entire renewable energy space but they also have a first-mover advantage," said Narendra Taneja, national convenor of the energy cell at the ruling Bharatiya Janata Party. "We in the BJP strongly believe that renewable energy will play ..
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