NEW DELHI, May 23, 2020: Union Minister for MSME and Road Transport and Highways Nitin Gadkari today said solar energy sector has a huge potential and can help to reduce the electricity cost significantly.
Addressing a video conference with the members of Maha Solar Sangathan, Gadkari said that sectors such as agriculture, warehousing etc. are energy extensive sectors and proper commercial use of solar energy such as solar water pump for irrigation and solar electricity for cold storage can contribute towards reducing power cost.
He emphasized on the need of export enhancement along with import substitution to replace foreign imports with domestic production. He highlighted that India still imports energy efficient solar panels and encouraged the manufactures to make India self-reliant with the help of Made-in-India products.
He opined that industry should focus more on innovation, entrepreneurship, science and technology, research skill and experiences to convert the knowledge into wealth.
The Minister recalled that Government of Japan has offered special package to its industries for withdrawing Japanese investments from China and move elsewhere. He said that this can be an opportunity for India to attract foreign investment in the country.