Renewable Energy – Bada Business

MSME Sector in India Has Huge Potential To Become World’s Largest Manufacturing Hub, Says Nitin Gadkari

New Delhi, March 13: Union Minter Nitin Gadkari on Saturday said that the micro, small and medium enterprises (MSMEs) sector in India has a huge potential to become the world’s largest manufacturing hub. During a webinar on ‘Aatmanirbhar Bharat – Opportunities in Solar & MSME’ on Friday, Gadkari said that the government is committed to promoting renewable energy resources in the country, especially in the MSMEs sector.

The Minister, who holds the MSME portfolio along with road transport, said by making solar energy available, “we will create big market for electric vehicles”. He said that the solar power rate in India is Rs 2.40 per unit and commercial rate of power is Rs 11 per unit and the cheap power generated through solar energy can be used for automobiles and other developmental works.

He expressed confidence that within five years, India will be a top manufacturing hub for automobiles in the world. While speaking about the businesses in India, the minister highlighted that India has tremendous potential and capacity for electricity generation. Gadkari invited investors abroad to invest in Indian MSMEs.

During his address, he expressed hope that this will provide a number of opportunities to the MSME sector in the country to become the world’s largest manufacturing hub. Talking about the growth of MSMEs in India, Gadkari said that the MSMEs with good track record are now being encouraged for capital market, adding that there exists a huge opportunity for investment in scrapping policy.

Chennai, September 10: The researchers of Indian Institute of Technology Madras (IIT-M) have made significant advances in developing alternatives to conventional lead-acid and lithium-ion for industrial usage. As India is aiming to achieve 40 per cent of its total electricity generation from non-fossil fuel sources by 2030, such news is crucial.

Informing about the latest development, Department of Chemical Engineering of IIT Madras’s Prof Sreenivas Jayanti said, “Our team designed, fabricated and executed indigenous kW-scale vanadium redox flow battery for application in energy storage, which can be integrated into renewable sources such as solar and wind energy.”

Adding more, Jayanti said, “We have developed operating protocols and design criteria for flow battery stack of power rating up to 10 kW using the prototype of a practical size that can be directly employed in industrial-scale stacks for grid-level storage.”

IIT Madras researchers claim that the study into vanadium redox flow battery stack development will open up new possibilities for the indigenous fabrication of flow battery stacks by MSME units for domestic applications. The researchers also stated that the energy can be stored indefinitely as the active species are in a liquid state and stored outside the battery.

Study researcher Ravendra Gundlapalli said, “‘Vanadium Redox Flow Batteries’ (VRFB), with their distinct features of independent scale-up of power and energy, long cycling life, low Levelized cost of energy storage and milli-seconds response time, shows great scope in confronting with intermittency in renewable energy sources and load demand.”