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Renewable energy sector to create 24 lakh jobs in India

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Abhigna
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BANGALORE, INDIA: When most of the youngsters are worried about future and trying their best to get a job in any industry, here comes a piece of good news to all of them.

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Launching a new report titled Indian Energy evolution, Greenpeace, a non-governmental environmental organization said, India has the potential to create 24 lakh jobs by 2020.

The current India's renewable energy industry employs two lakh people.

The job generation potential of renewable energy and energy efficiency domains can be two to three times that of conventional energy for e.g. coal, oil and this can be jumped to 14 times by 2030 if Energy evolution pathway is taken, added the report.

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"With consistent and long term renewable energy policy frame work, India could build up a local renewable energy industry with an annual turnover of more than INR 54,000 crore, creating more up to 24 lakh jobs by 2020," said Sven Teske, Senior Energy Expert from Greenpeace International.

"The investments in new renewable power plants will lead to fuel cost savings paying back the overall investments between now and 2050 two times over. It is a win-win strategy for India to combine security of energy supply and job creation," added Teske.

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