Mumbai: The Government plans to set up three large manufacturing zones for power and clean energy equipment by offering companies incentives such as land and electricity at attractive prices. It is a part of India’s effort to encourage self-reliance and reduce dependence on imported power equipment.
The plan of zones are one each to be set up in a coastal State, a hill State and a land-locked State. A list of equipment has been drawn up which the government wants to manufacture. The Centre has been urging companies and States to procure materials, equipment and technologies from within India more so in the strategic power sector for which India has sufficient domestic capacity. Any danger or threat to the power supply system can have catastrophic effects and has the potential to cripple the country. Power is a strategic and critical sector.
The minimum land area for the zones planned are 300 acres each and will be set up through competitive challenge among States. The States will be selected on the basis of parameters such as manufacturing incentives and the price of land and electricity offered by them. The Centre will set up common facilities requiring an investment of Rs 500 crores each for these zones that are in addition to the Government’s production-linked incentive (PLI) scheme. A cabinet note is being prepared for this approval and once it is approved, bids will be floated.
- Dr. Indrajit Majuzdar