The Prime Minister inaugurated the 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020) on November 26 through video conferencing. The summit is being organised by the Ministry of New and Renewable Energy. The theme for RE-Invest 2020 is ‘Innovations for Sustainable Energy Transition’.
After the success of Performance Linked Incentives (PLI) in electronics manufacturing, similar incentives will be extended to high efficiency solar modules, stated the PM at the summit. He also stressed that ensuring “ease of doing business” is the government’s utmost priority and dedicated Project Development Cells have been established to facilitate investors. He announced that there are huge renewable energy deployment plans for the next decade and are likely to generate business prospects of the order of around $ 20 billion per year.