Mini grids, which use solar power, have become much cheaper than installing long-distance transmission lines from a central grid, making it more accessible to people who need it.
Launching a 750 MW solar project in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in India.
Though heat from renewable energy is set to increase by 22% by 2024, renewables will only support 12% of global heat consumption compared to the 10% now.
The plan is part of the NTPC’s aim to build 32 gigawatts of renewable capacity by 2032 and reduce the share of fossil fuels in its energy mix from 96% to 70%.
India has failed to jump-start its solar equipment manufacturing sector through tenders and a safeguard duty to protect it from cheaper Chinese imports.
The shift in policy next door is expected to cause a glut in global supplies and thus a fall in prices. With India's high capital cost and corporate taxes, locally made supplies can't compete.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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