NEW DELHI: A day after PM Narendra Modi called upon industry to reignite its risk-taking abilities, NITI Aayog CEO Amitabh Kant on Thursday said India can never become the next factory of the world by imitating China but by having its own model of low-cost green power, which is recognized by the world.
The CEO said India's private sector has to set ambitious targets for itself and focus on green hydrogen, high-end batteries and advanced solar panels to become competitive. "India cannot become the next factory of the world by copying China... We have always got into sunset areas of growth, this is the time to get into sunrise areas of growth," he said, adding that India should not get into areas where China is already a leader.
"India has the strongest global companies in the renewable sector... these (hydrogen, high end batteries, advanced solar panels) are areas of technology of growth, if you want to be a global leader," he noted. He said India can be a major exporter of both green hydrogen and green ammonia, and also added that in the next five years, solar energy prices should come down to Re 1 per unit. "And, therefore, this will create a situation where India's green products will be cheaper than India's high carbon products," he emphasized.
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