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India Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Electricity is a crucial element for the growth of any country. In India, the Electric Power Transmission & Distribution Infrastructure industry plays a significant role in ensuring the availability of electricity to every part of the country. The industry's primary objective is to provide reliable and affordable electricity to consumers, industrial, and commercial sectors. The Indian government has taken several initiatives to promote the growth of the industry, which has resulted in the sector's tremendous growth in the last few years.
Current Scenario:
The Indian power sector has been witnessing significant growth over the last few years. According to the Central Electricity Authority, the total installed capacity of the country has reached 383.37 GW as of February 2021. The industry comprises several players, including state-owned companies, private players, and foreign players. The industry has also witnessed a significant increase in the adoption of renewable energy sources such as solar and wind power.
Construction of new projects:
The Indian government has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022. The government has been promoting the use of renewable energy sources such as solar, wind, and hydro power. Several new projects are being developed to achieve this target. For instance, the government has initiated the development of the world's largest renewable energy park in Gujarat, with a capacity of 30 GW.
Major drivers:
The Indian government's focus on developing the renewable energy sector is one of the major drivers of the industry. The government has implemented several policies such as the National Electricity Plan, Ujwal DISCOM Assurance Yojana (UDAY), and the National Smart Grid Mission, to promote the growth of the industry. Moreover, the industry is witnessing an increase in private sector participation, which is driving the growth of the industry.
Industry outlook:
The Electric Power Transmission & Distribution Infrastructure industry in India is expected to witness significant growth in the coming years. The Indian government's focus on developing renewable energy sources is expected to drive the industry's growth. Moreover, the industry's increasing focus on the use of technology, such as smart grid technology, is expected to improve the efficiency of the transmission and distribution networks. The Indian government's push for digitalization is also expected to drive the growth of the industry.
In conclusion, the Electric Power Transmission & Distribution Infrastructure industry in India is witnessing significant growth and is expected to continue to grow in the coming years. The government's initiatives to promote the use of renewable energy sources and improve the efficiency of the transmission and distribution networks are expected to drive the industry's growth. The industry's increasing focus on the use of technology is also expected to contribute to the growth of the industry.
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