May 25, 2012, Mumbai: The newly created Solar Energy Industry Advisory Council (SEAIC) today announced its intention to actively engage with industry to drive growth at its first meeting which was addressed by the Honourable Minister, Ministry of New & Renewable Energy (MNRE), Dr. Farooq Abdullah. Anand Mahindra, Vice-Chairman and Managing Director, Mahindra Group, has been appointed Chairman of the council.
“The MNRE has taken a progressive step towards driving an inclusive agenda with the industry and the committee will work towards accelerating the goals of the solar mission. The industry committee will deliberate and advise on targets for the next phase, technology matters, manufacturing, investments and fiscal policies that are critical for the growth of the solar industry in India,” said Anand.
The SEAIC has been set up by the MNRE to further the goals and address the challenges of the Jawaharlal Nehru National Solar Mission (JNNSM). The latter was launched in January 2010 and is a major initiative of the Government of India and state governments to promote ecologically sustainable growth while addressing India’s energy security challenge. It will also constitute a major contribution by India to the global effort to meet the challenges of climate change.
The JNNSM has seen a strong start with exponential growth. India now generates 979 MW of solar power from less than 20 MW in a span of two years. Another 820 MW will be generated by mid 2013. The framework of the JNNSM’s policy has been appreciated around the world and its continued growth is important for India’s energy security and its growing power needs.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A USD 14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.
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