The future of the solar Industry in India

In 2003, the Department of Commerce under the Government of IBEF. It promotes "Made in India". It also serves the purpose to distribute information about Indian products. With many solar products like solar panels, solar cells, and solar inverters. India ranks fourth in the world for the installed capacity of renewable energy. India's energy sources other than fossil fuels have increased by more than 25 percent.

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In the last 10 years, India has been one of the leading countries for the usage of solar PV systems. A huge effort was made to the establishment of a solar production chain in the country.

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Several businesses have recently declared their intention to enter the solar manufacturing industry. The government's declaration of new laws and incentive programs encourages this. By 2025 India will have a module production capacity of 40GW. Apart from this will have either complete or partial upstream integration. If this happens, India will become one of the top two or three makers of solar panels in the entire globe.

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As it is an environment friendly source of energy, it brings a lot of benefits to the Indian solar market. The Indian market is captured by villages because India resides in villages. The main occupation of rural India is agriculture. To make it more sustainable, farmers and small businessmen are using renewable energy. Various renewable energy sources are available. Solar panels and solar inverters are some to meet the energy requirements. Various other commercial activity need? fulfilled by the use of solar energy. There are various reasons why India is a preferred location for the Solar Market. There is high demand for solar products in the country. The government of India is giving various policies for solar power plants. This will promote sustainability. They have launched various schemes for the same. Mr. Modi, the prime minister, said India would need an extra 817 GW of electricity to meet its needs. Transportation and last-mile delivery will bring the bulk of demand to the market. There has been a huge investment in the solar industry between April 2000 and March 2022 by FDIs. India's renewable energy aspirations are changing its power sector. Rising population and rural electrification are creating energy demand for officials and communities. Self-sustaining towns using clean energy will reduce pollution. The government is giving EV benefits, tax benefits, and solar equipment. India's renewable energy sector may get US$15 billion in 2022. By 2040, more efficient batteries will store electricity. This happened by lowering the cost of solar energy by 66% and generating 49% of all electricity. Renewables instead of coal save India Rs. 54,000 crores (US$ 8.43 billion) yearly. Between 2020-25, 15,000 MW of wind-solar hybrid estimated capacity. By 2029-30, CEA expects renewable energy generation to rise from 18% to 44% and thermal to fall from 78% to 52%. The CEA predicts India's 2030 power demand will reach 817 GW. India currently has 60.813 GW of solar panels. When we look at all the specific and general forces, we see that India is a good place for the solar industry to grow. Customers who want solar products search for local options. The local options can be "solar products near me". This shows there is a strong need for a solar installation platform.? The Indian market is dense and fragmented. It faces various problems. Some of these are: unorganized markets, unverified installer profiles, and broken supply chain. To solve these problems "Solruf" is working towards the need of the hour. Solruf is India’s First B2C platform for solar installation and rooftop & ground mounted solar products. It will help customers to get solar products from their locality by bidding. Within a stipulated time of 60 minutes, they get top 10 vendors to choose from.? More than 50 businesses have registered with us and have seen an increase in revenue by 9x. For more details visit our website:? https://www.solruf.com/

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