IGEF explores Market Potentials for Renewable Energy in India : Hannover Messe
Make in India! Don’t miss the Bus!
Indian Prime Minister Narendra Modi came to the world’s largest industrial fair in Hannover Messe with a large high ranking business delegation to make a clear statement regarding the Indian market: “Don’t miss the bus!” The “Make in India” campaign intends to transform the country into a global manufacturing hub, and to attract foreign investment from all over the world. India was the exclusive partner country of the Hannover Messe, and he got support from his German counterpart, Chancellor Dr. Angela Merkel. In a joint statement, they pointed out that their common objective is “to encourage greater synergies between German engineering, experience in sustainable development, innovation and skills, and the new opportunities available in India through ‘Make in India’, ‘Clean India’, Digital India’ and other initiatives towards achieving economic growth and sustainable development”.
The Indo-German Energy Forum (IGEF) took up the chance to look more deeply into the market potentials for Renewable Energy (RE) and Energy Efficiency (EE) in India. On 14 April, IGEF offered, in close collaboration with the German Federation for Renewable Energies (BEE) and the umbrella organisation of the Indian industry FICCI, a one-day conference session on “Market Potentials and Business Applications for Renewable Energies & Energy Efficiency in India”. German companies, in particular, could gain firsthand information about the Indian market on RE and EE here. The conference with high representatives from German and Indian ministries, and also the private sector offered a good opportunity to build up new relations either business to business, or business to government. “Don’t miss the bus!”, was also the message of Upendra Tripathy, Secretary of the Indian Ministry for New and Renewable Energies (MNRE), who opened the session together with Thorsten Herdan, Director General of the Federal Ministry for Economic Affairs and Energy (BMWi). Dr. Wolfram Klein, Director of the Federal Ministry for Economic Cooperation and Development (BmZ) gave a report about the progress of the Green-Energy-Corridors-Project financed with a credit line of more than 1 billion Euro by KFW, the German Development Bank. Like in Germany, the hot spots of renewable energy generation in India are mostly wind and solar, and usually far from the centres of demand. Therefore, new inter and intra state transmission lines must be built. The overall estimation of necessary investment for these Green Energy Corridors was more than 5 billion Euros so far. Germany expressed its willingness to further support India on her ambitious path to a green future by signing a Letter of Intent regarding an “Indo-German Solar Partnership”. Secretary Upendra Tripathy, MNRE and Director General Andreas Gies (BmZ) jointly signed the document which says that Germany is willing to finance, through KFW, a nationwide PV solar rooftop program. The final document shall be signed in October when Chancellor Merkel comes for an official visit to Delhi.
Of great interest for representatives from the business sector were the two Industry Panel Discussions during the day. High ranking representatives of the Indian and German wind and solar industry discussed opportunities of “Make in India” especially with a focus on manufacturing RE technology in India and possibilities of cooperation between German and Indian companies regarding project investment. Most interesting for the German industry were the very positive statements by most Indian green energy entrepreneurs. They underlined the fast growth of the Indian solar and wind market, and showed their big interest for cooperation on all levels of the value chain. They were also convinced that the Indian RE market is still a nascent stage of development and big enough for many new players. The Indian business community also expressed its strong belief in PM Modi and his government. The Modi government means growth to them, and they are expecting that existing barriers for foreign investment or administrative obstacles will be removed soon.