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Wind energy conference and trade fair, WindergyIndia 2022, is scheduled for later in the month. It aims to catalyze investment of upto Rs 15,000 crore in component manufacturing in India, organizers stated on Thursday.
The three-day event on wind energy will take place at Pragati Maidan, here, from April 27-29 2022. It will focus on achieving national commitment to quick migration to clean energies, of which wind energy is one the key pillars.
Tulsi Tanti, Chairman of Indian Wind Turbine Manufacturers Association (IWTMA), told reporters during the curtain raiser presser that this would facilitate investments of Rs 10,000 crore to Rs 15,000.00 crore in wind turbine component manufacturing in India.
Indian Wind Turbine Manufacturers Association and PDA Trade fairs Pvt Ltd are organizing the event.
Tanti stated that the event was to bring in manufacturing companies to India and show the potential for investment in India.
He stated that there is a good market and investors have the chance to leverage talent and other items for exports.
Tanti stated that the event would bring together local and international players, as well as start-ups. This event will provide investors with an opportunity to invest here if they are not equity investors.
This event will increase the country’s wind energy equipment manufacturing capabilities. This event will bring more companies to the manufacturing of components. He exuded confidence that they will establish a manufacturing facility for both domestic and export markets.
He stated that India has a manufacturing capacity for 15 GW of wind turbines per annum, and this event will increase the production capacity of component.
He suggested that if they call for Rs 10,000 crore to be invested in wind equipment manufacturing, it would translate into an additional Rs 70,000 crore investment into wind energy generation projects.
This event aims to attract investment in wind energy equipment manufacturing to reduce imports and increase exports.
Many companies, whether they are established or new businesses, will have the opportunity to meet OEM (Original Equipment Manufacturers).
The OEMs will also have the chance to meet with equity or financial investors. Tanti said that foreign investors are also expected to visit the country if they wish to invest.
“There are many companies that are located outside India. They don’t have a manufacturing facility here. He stated that they will also visit India to explore investment opportunities.
The high-level conference, which will be held concurrently with the trade show, would include R K Singh, Union Power Minister, and Bhagwanth Khuba, Minister of State, for New & Renewable Energy. Freddy Svane, the Danish Ambassador to India, and other industry stalwarts.