Will The Govt’s Go Green Expedition Boost The Marine Sector?

Sustainable energy is big on the Indian government’s agenda, from harnessing wind for the county’s energy needs to making it the primary source of energy for fishing vessels and the processing of marine products. Meetings with top government functionaries from Dr KV Subramanian, Chief Economic Advisor, to Fisheries Minister Parshottam Rupala demonstrated to wind energy evangelist Dr PKC Bose that the country is striving for excellence through renewable energy. Senator Bose, Vice Chairman & Managing Director of the Bengaluru-based Enercon Windenergy, a subsidiary of Germany’s Enercon Group, was in Delhi recently meeting top echelons of the government. They discussed India’s renewable energy sector — especially wind energy, its immense potential, untapped offshore market, policies and regulatory constraints as well as the challenges ahead. Their talks also covered the entire ecosystem consisting of energy, environment and economy, as well as energy economics – economic development and cost of energy under different market conditions, regulations, taxation and subsidies for renewable energy. The government functionaries, who articulated the relationship between energy, environment and economy for building a sustainable and net zero in India by 2070, gave all assurances to work in this direction. Renewable energy minister RK Singh’s commitment to achieve 100 GW wind energy by 2030 and his assurance of all support to the stakeholders was also ‘highly motivating’.