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Budget News

  • Domestic Power Industry Urged To Become Part Of Product Chain
  • January 20,2020  10:04
  • Union Minister of Heavy Industries &Public Enterprises, Environment, Forest and Climate Change and Information & Broadcasting, Prakash Javadekar said that the annual growth of energy should be 10% for many years to come even if the country’s economy grows at the rate of 6% annually. Referring to demand for more relief by the industry, he said that industry’s cause must translate into societal cause for the benefit of society as well as the industry.

    He said that electricity for a poor household is not only a facility but also an empowerment and main source of inspiration. The Minister also referred to electrification of 18 thousand unelectrified villages and congratulated the Power Minister, RK Singh for fulfilling this commitment of Prime Minister Narendra Modi within a time frame of 1000 days. He further stated that 3.5 crore households were given power connections under SAUBHAGYA (Pradhan Mantri Sahaj Bijli Har Ghar Yojana) scheme.

    The Heavy Industries & Public Enterprises Minister asked the electrical industry to focus on quality of electrical equipment stating that main cause of fire incidents in many cases is poor quality of equipment and faulty wiring. The Minister urged the power industry to become part of product chain and not just supplier of spare parts. He mentioned the success story of LED bulbs which led to saving of thousands of crores of rupees in power bills to the customers and also protecting environment through installation of 400 million LED bulb.

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