Haryana’s Investors Summit Draws Big Investments in RE Sector

Haryana’s Investors Summit Draws Big Investments in RE Sector

India’s renewable energy sector has clearly emerged as the top choice of investors from across the globe. This became evident when the Happening Haryana investment summit saw Rs 80,000 crore of investment proposals coming from domestic and global investors. The RE sector investment inflow includes proposals in solar power, wind energy, bio mass and others.

The two day summit that began on February 7th in Gurgaon comes within months of a similar event Resurgent Rajasthan Partnership Summit that was recently held in Jaipur on 19th and 20thNovember 2015

  • Solar Power generation present installed capacity is ~8 MW (2014)
  • Endowed with solar radiations with about 320 days of clear Sun in a year
  • Government has granted licenses to 50 proposals for establishment of IT/Cyber projects as of August 2015
  • Development of first solar park in Haryana (300 acres earmarked by HSIIDC and HPGCL
  • Commercial solar power generation projects in Bhiwani, Hisar, Jhajjar, Karnal and Mahendergarh areas. Some in consultation with irrigation department
  • Huge Demand: The solar power generation capacity by 2022 is required to be increased to 1300 MW to meet solar RPO

Both events share the common aim of attracting investment from private sector and to sensitise them for investment in the State. These Summits offered sector- specific, cross sectoral discussions and deliberations and one –on- one meetings between the state authorities and Industry leaders.

CM of Haryana Manohar Lal
CM of Haryana Manohar Lal

Haryana, as a State traditionally known for its landmark industrial initiatives and bold entrepreneurship, is bound to be a major player in the success story of Prime Minister Narendra Modi’s “Make in India” mission, said Dr Jitendra Singh, MoS, PMO and Atomic Energy.

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Complementing the Government in Haryana led by CM Manohar Lal Khattar, for having put the State on the fast track of development, Dr Jitendra Singh referred to some of the milestone accomplishments during the last one year and clearance of several projects which had got delayed on one or the other account.

Nuclear Power: A Nuclear plant is coming up at in Gorakhpur in Haryana. The Department of Atomic Energy is moving ahead with setting up of a Nuclear plant which will be the first of its kind to be established in any of the northern States of Jammu & Kashmir, Himachal Pradesh, Punjab and Haryana. This plant will generate over 1400 MW of nuclear energy at the rate of approximately Rs.6.5 per unit.

At a session attended, among others, by Business leaders from telecom industry and IT, Dr Jitendra Singh said, Haryana has also been short listed for setting up manufacturing unit for Lithium batteries which have been, for years, used by the Department of Space in satellites and now find future use in electrical vehicles.

He emphasized the need for public-private partnership (PPP) in order to make the optimum utilization of the favourable environment for entrepreneurship under Central Government.

Dr Jitendra Singh said, several of the Government’s farmer oriented schemes like “Fasal Bima Yojana” and public welfare schemes like “Jan Dhan Yojana” are relevant to the large sections of farmers and agriculturists in Haryana and therefore, the success story of these schemes in Haryana, will be a role model for other States to follow.

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This is an opportunity, Dr Jitendra Singh said, for Haryana to merge its “Make in Haryana” capability with “Make in India” mission and thus contribute to the emergence of India as global economic power.