What's Happening?
Envision Energy India has commenced construction of a new blade manufacturing plant in Gujarat, marking its third facility in the country. The plant, with an investment of INR 500 crore, will have an annual capacity of 2GW, producing 1,500 blades and creating 4,000 jobs. This initiative aligns with India's Make-in-India mandate and aims to strengthen domestic manufacturing of renewable energy components.
Why It's Important?
The new plant is a significant step towards achieving India's goal of 50% installed power capacity from non-fossil sources by 2030. It underscores the importance of local manufacturing in reducing reliance on imports and supporting economic growth through job creation. Envision Energy's investment highlights the potential for renewable energy to drive sustainable development and energy security in India.
