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

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