Union Power Minister Manohar Lal emphasized the importance of innovation in manufacturing solutions to support India’s transition towards a “Viksit Bharat” at the Elecrama 2025 event in Greater Noida. He highlighted the country’s ambitious renewable energy goal of 500 GW by 2030, noting the vast opportunities this presents for the power sector.
Addressing industry leaders, both domestic and international, the minister stressed that the power sector is crucial to India’s economic growth. He called on stakeholders to contribute by developing innovative technologies such as advanced power electronics, efficient transformers, power converters, and smart grid solutions, all of which are essential to harnessing renewable energy.
“The future of power in India is bright, but we must increase production in innovative ways,” Lal remarked, urging participants to focus on research and development to promote cutting-edge solutions for the sector.
He further emphasized that the power sector contributes significantly to the nation’s economy and that the government is working to enhance its share. He pointed out the need for higher-efficiency transmission and distribution equipment, such as GIS substations, to modernize the grid.
The minister also underscored the urgency of building EV charging infrastructure to reduce emissions and facilitate the country’s push towards e-mobility. He called for the development of battery-swapping stations, fast chargers, and vehicle-to-grid systems, which represent a major opportunity for the industry.
Lal reassured investors that the government is committed to supporting initiatives and ensuring access to relevant schemes to help meet the nation’s targets. He expressed confidence that the 500 GW renewable energy goal would be achievable if the industry and government work together.
Since 2014, India has significantly expanded its renewable energy capacity, with a 2.81 times increase to 200 GW and solar capacity growing 38 times to exceed 100 GW. Lal highlighted these achievements as proof that India is not just progressing but advancing rapidly towards its energy goals.
