Faculty members from prestigious technical institutes, including IITs and NITs, will lead these projects, each with a budget of up to Rs 10 lakh and a six-month completion timeline.
The Economic Survey 2023-24 tabled in the Parliament by Finance Minister Nirmala Sitharaman anticipates a 2 to 2.5 times increase in energy needs by 2047 to support economic growth. The report also highlighted that India faces challenges in balancing energy transition with other developmental priorities