Analyze the challenges the space industry has experienced since gaining freedom.
Achievements: · Renewable Energy Capacity: India has reached high capacity addition in renewables particularly in solar and wind power sector. With these development it have cut down on its use of fossil fuel and Green house Gas emission. · The government has already laid down policy goals towards tRead more
Achievements:
· Renewable Energy Capacity: India has reached high capacity addition in renewables particularly in solar and wind power sector. With these development it have cut down on its use of fossil fuel and Green house Gas emission.
· The government has already laid down policy goals towards the integration of renewable energy planning to accomplish installed capacity of 450 GW of Renewable Energy by the year 2030.
-Policy Initiatives: There are many policies and scheme which has been launched for the development of renewable resources like Policies for establishing National Solar Mission, National Wind Energy, and Jawaharlal Nehru National Solar Mission.
-International Collaboration: India has participated in the climate change negotiations and has contributed significantly in climatic changes such as it has supported International Solar Alliance.
Challenges:
-Grid Integration: Connecting massive renewable energy systems into the current utility structure is not easy since the reliability of the grid and supply of power relative to its demand are critical issues.
-Land Acquisition: Getting large stretches for renewable energy projects can be a problem and also slows down projects and local communities.
-Intermittency: Conventional types of renewable energy include wind and solar power, and since these are unpredictable, they need effective storage technologies and well-planned grid controls.
-Financing: Hence, the challenge of having sufficient, but also cheap, funding for renewable power projects remains one of the significant approaches; especially for small and decentralized programs.
Improvement Opportunity:
Accelerated Deployment: To be precise with the government’s targets the use of renewable energy technologies will have to be scaled up further.
R&D: Comprehensive financial commitment to additional development of more innovative RE technologies such as energy storage solutions and integration solutions will also be necessary.
Decentralized Renewable Energy: Populate rural and marginalised areas with affordable renewable energy systems such as roof-top solar power; promote community infrastructure for renewable energy.
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Indian space sector has overcome several barriers since independence with a record of achievement as follows: Less budget: The present space budget of India is one of the lowest in terms of space budget of all the space faring nations. They means that a small budget often prevents India from puttingRead more
Indian space sector has overcome several barriers since independence with a record of achievement as follows:
Less budget: The present space budget of India is one of the lowest in terms of space budget of all the space faring nations. They means that a small budget often prevents India from putting forward large capital goods, RD as well as progress in technologies.
Technological lags: The Indian space sector has evolutionized in many ways but still suffers from a technological gap in certain critical areas such as high efficiency propulsion systems, Reusable launch vehicles, and deep space exploration technologies etc.
-Import Dependency: Import vulnerability can be observed through reliance on imported components for the critical technologies which may lead to high costs and inability to indigenously develop these.
-Bureaucratic Red Tape: This sometimes poses a problem to Government agencies and private players when dealing with several procedures in the bid to secure necessary approvals.
Limited Involvement of Private Companies The motivation to encourage the private sector participation is in progress, however, Indian space industry is primarily driven by government agencies. “It will, however, be crucial that to ensure private space develops well, many of these regulatory hurdles are removed, which currently create unnecessary complexity in investment on the side of private space sector and innovations.”
-Global Competition: A number of global competitors can be identified, with the US, China, and Europe leading in the sector that they favor spending a lot of money on in the effort to develop space. This means India should be competitive so that it may remain relevant amidst the fast-growing trend.
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