Business Standard

Centre announces Rs 1,000 cr scheme for power and RE equipment making zones

The proposed funding for the three zones is Rs 1,000 crore with a ceiling of Rs 4,000 crore

solar power, renewable energy, power, clean energy
Premium

Through setting an exclusive manufacturing zone, the Centre is claiming to provide hassle-free allotment of land and clearances, common testing facility, and common infrastructure facility

Shreya Jai New Delhi
The Centre has proposed a scheme worth Rs 1,000 crore to invite private companies to set up manufacturing zones for power and renewable energy (RE) equipment.

The move is part of the government's efforts to cut down on import reliance and build domestic capacity. The three proposed zones are proposed to come up by 2026-27.

The ministries of power and new and renewable energy have jointly proposed a scheme for establishment of three manufacturing zones. in which two would be brownfield on already developed land and one greenfield manufacturing zone in a coastal area of the country, said the expression of interest

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 30 2022 | 8:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com