Dr. Uday Salunkhe, Group Director of Welingkar Institute of Management Development and Research, shared his views on India’s green-energy sector and its development with The National Business.
‘To boost renewable energy in India, newer technologies, research and international cooperation will have to be roped in,’ Dr. Uday Salunkhe said. He also added that the country will have to put an emphasis on skilled labor, effective project management and environmental clearances to ensure success in newer technology.
The state government should encourage the growth in infrastructure. Hydro power in the north-east, solar in the west and wind in the south can be utilized for effective development in the inaccessible regions.
Uday Salunkhe also touched upon the challenges in green-sector industry. India is not self-sufficient as we still import solar panels. Cost is another factor,” he said. He also insists that the technology used in panels can be improvised for cost cutting. Moreover, added ambiguity in tariff policies is another issue he pointed out. “In order to curb these challenges, the presence of a central authority is important,” he suggested.
Uday Salunkhe goes on to predict that the costs involved in conventional power will soon rise. This will work as an added advantage for renewable energy. The wind and solar sectors have immense potential to generate substantial overseas investments for the future.