PM to Inaugurate Solar Cooperative Society in Gujarat

The inauguration in Gujarat will add to the country’s pro-active approach in the solar development and a support to India’s solar target of 100 GW by year 2022.

In order to push the use of renewable energy and provide the stakeholders with ample opportunity in solar industry, Prime Minister Narendra Modi is to inaugurate a solar cooperative society in Mujkuva Village of Anand in Gujarat.

The inauguration will add to the country’s pro-active approach in the solar development and a support to India’s solar target of 100 GW by year 2022.

Moreover, the government also claims to have achieved 13 percent of the annual solar target of 2018-19 till July end.

However, a recent report by consultancy group ‘Bridge to India’ mentions that India still needs higher capacity addition pace in order to achieve the 100 GW target. It states that the country yields 77 percent of its energy requirements from coal which further seems to reciprocate endeavor.

Additionally, the safeguard duty introduced by the finance ministry has led to an expected slowdown in the solar industry. It has brought the manufacturers and the developers in a face to face battle which makes investors reluctant to foray solar sector.

Besides solar cooperative society, PM Modi will also inaugurate an ultra-modern chocolate plant of dairy major Amul and an Amul’s incubation centre cum center of excellence for food processing in Anand.

Source: PTI