Government policies boosting India’s energy sector

The Push for Energy Independence

– Ambitious targets to achieve 500 GW renewable energy capacity by 2030.
– Policies fostering innovation and investment in energy infrastructure.

National Hydrogen Mission

– Goal: Establish India as a hub for green hydrogen production.
– Incentives for R&D and scaling up hydrogen-based energy solutions.

Production-Linked Incentive (PLI) Schemes

– Focus on solar PV modules, advanced battery storage, and energy equipment.
– Boosts the growth of local industries and reduces reliance on imports.

UDAY Scheme for Power Distribution

– Aimed at reducing losses in electricity distribution.
– Ensures reliable power supply and financial stability for energy companies.

Electric Vehicle Policies

– FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) incentives.
– Investments in EV charging infrastructure and battery technologies.