41% of India's Scientists are Women: Chouhan Highlights women Agri-Power (See 'Corp Brief') IBA hosts RRB Conclave 2026 on 'Next-Gen Reforms for RRBs' (See 'Corp Brief') Companies Act - Technical provisions of Companies Act cannot be relied on to evade compliance with a Court decree prohibiting the judgment debtor from transferring the shares to any third party: HC (See 'Legal Desk') MoEFCC organizes Workshop to address Challenge of Elephant-train Collisions (See 'Corp Brief') Govt, Civil Society & Tech leaders unite to build Model for Persons with Hearing Impairment (See 'Corp Brief') PMLA - Appearance of Appellant, ordinarily operating in Mumbai, before SAFEMA Appellate Tribunal at Delhi, does not confer territorial jurisdiction to the Delhi High Court over Appellant: HC (See 'Legal Desk') NHAI gets warm response from Bidders for Four-Laning of Dhamasiya-Bitada in Gujarat (See 'Corp Brief') Metro in India a 'Silent Revolution' transforming Urban Mobility and Society (See 'Corp Brief') CCI approves acquisition by Cube V of road asset business of DYIPL, DVIPL, DGIPL and DTEHPL (See 'Corp Brief') CCI approves acquisition of stake in Curefit Healthcare by MacRitchie Investments (See 'Corp Brief') IBC - Once Resolution Plan is approved by NCLT u/s 31 of IBC, it becomes binding on all stakeholders, and all claims not provided for in plan stand extinguished: HC (See 'Legal Desk') Country ready for any Unprecedented Demand for Coal: Govt (See 'Corp Brief') DPIIT signs MoU with Voltas Limited to support Industry-Start-up Collaboration for Smart Appliance Technologies (See 'Corp Brief') New Delhi Frontier AI Impact Commitments were Signed by 13 Leading Model Providers (See 'Corp Brief') APEDA showcases Agri and Processed Food Export Strength at AAHAR 2026 (See 'Corp Brief') IPR - Party seeking cancellation of registered trademark on grounds of similarity and prior rights must first establish its own prior and continuous use of its mark as trademark: HC (See 'Legal Desk') Capacity Building Commission hosts workshop on sustainable financing & resource mobilisation (See 'Corp Brief') Govt boosts Credit Flow to Agriculture Sector through targeted Policy Measures (See 'Corp Brief') IBC - Application of Discount for Lack of Marketability is permissible valuation methodology under Indian Accounting Standards for determining fair value of unlisted, illiquid shares in context of capital reduction: SC (See 'Legal Desk') IICA holds 4th Batch of Directors' Certification for Defence Officers (See 'Corp Brief') Financial inclusion campaign was held in 2.7 lakh Gram Panchayats and ULBs (See 'Corp Brief') A&C - Award can be set aside only on specific grounds such as being contrary to fundamental policy of Indian law, violating basic notions of morality or justice, or suffering from patent illegality that goes to root of matter: HC (See 'Legal Desk') ICANN85 in Mumbai highlights Collaboration for resilient Internet (See 'Corp Brief') Minister chairs 35th Meeting of Standing Committee of Voluntary Agencies (See 'Corp Brief') A&C - amendment to petition filed u/s 34 of Arbitration Act, cannot be permitted under Order VI Rule 17 of CPC if its effect is to introduce challenge to distinct part of arbitral award: HC (See 'Legal Desk') NITI Aayog convenes Regional Best Practices Seminar (See 'Corp Brief') FTAs opening New Opportunities for Pharma, Healthcare and MedTech Sectors: Goyal (See 'Corp Brief') MSME Ministry promotes Energy Efficiency and Green Practices in MSME Sector (See 'Corp Brief') Transforming Mined Landscapes: NLC India's Journey in Sustainable Mine Restoration (See 'Corp Brief') IEPFA-NCAER jointly organise Investor Education and Protection Workshop (See 'Corp Brief') IPR - Proprietorship of trademark, as general rule, vests in manufacturer who affixes mark on product, not in importer or distributor of those goods: HC (See 'Legal Desk') Chouhan holds post-Budget discussion with coconut farmers in Chennai (See 'Corp Brief') IBC - Creditor cannot be forced to elect its remedy or apportion its claim between principal debtor and guarantor: SC (See 'Legal Desk') IBC - Judicial review by NCLT & NCLAT does not extend commercial wisdom of Committee of Creditors in evaluating and approving resolution plan: SC (See 'Legal Desk') A&C - Pre-award and post-award interest operate in distinct fields and contractual bar applicable to former cannot, by implication, be extended to latter: SC (See 'Legal Desk') MoS interacts with beneficiaries of desalination plant in Kavaratti (See 'Corp Brief') A&C - Court will not grant specific performance of contractual obligation that is contingent upon discretionary approval of third-party government authority: HC (See 'Legal Desk') A&C - Contractual clause that expressly and widely bars payment of interest on ‘any moneys due to contractor' prohibits arbitral tribunal from awarding pre-reference and pendente lite interest on all claims: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Print

MNRE has provided over Rs 200 Cr funding to NCPRE, IIT Bombay over 15 years

Published: Jul 16, 2025

By TIOLCorplaws News Service

MUMBAI, JULY 16, 2025: UNION Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution Pralhad Joshi visited the National Centre for Photovoltaic Research and Education (NCPRE) in IIT Bombay and held an interactive meeting with its Investigators and Advisory Board Members. Joshi visited the Perovskite Tandem solar cell lab, Silicon Fab laboratory and Medium voltage Laboratory at NCPRE and interacted with the scientists. IIT-Bombay-incubated startup - Advanced Renewable Tandem-Photovoltaics India (ART-PV India) has developed a 4-Terminal Silicon/CdTe-Perovskite tandem solar cell with a conversion efficiency of 29.8%. This is a national milestone and one of the highest performance levels ever achieved in India.

NCPRE was launched at IIT Bombay in 2010 with funding from the Ministry of New and Renewable Energy (MNRE) of the Government of India. The broad objectives of NCPRE are to provide R&D and education support for India's ambitious 100 GW solar mission. Till date, MNRE has provided over Rs 200 crore funding to NCPRE, IIT Bombay, over the last 15 years.

MNRE is also supporting ART-PV India with USD10 million (~ Rs 83 crore) for establishing a state-of-the-art pilot manufacturing facility in IIT-B campus, in line with the commitment to nurturing domestic Intellectual Property, and ensuring Indian innovation reaches global markets. MNRE will continue to provide policy and financial support to ensure India's RE sector thrives on innovation and self-reliance, said Union Minister Pralhad Joshi.

Speaking at a post-visit media interaction, Union Minister Pralhad Joshi stated, "Ministry of New and Renewable Energy is proud to support NCPRE's pioneering work in high-efficiency, low-cost Silicon-Perovskite Tandem Solar Cells, a game-changer for India's solar energy future." At a time when the world is seeking efficient, affordable, and scalable solar energy solutions, this innovation gives India a leadership edge, further stated Union MNRE Minister. This technology has the potential to achieve more than 30% efficiency, far surpassing conventional solar panels, making India a global leader in next-gen photovoltaics and by investing in such innovations, we are driving down the cost of solar energy, making it more accessible for all Indians, he added. This is not just a lab-scale breakthrough, it is a blueprint for clean, scalable, and Aatma nirbhar energy production, stated Joshi. In this context, Union Minister Joshi also said, India is not just adopting renewable energy but defining its future-through research in perovskite solar cells, Inverter technology, PV-reliability, green hydrogen, and energy storage.

Pralhad Joshi said, the Union Ministry of New and Renewable Energy (MNRE) is committed to advancing cutting-edge renewable energy technologies under the vision of Aatmanirbhar Bharat, ensuring India leads in clean energy innovation. In this respect, MNRE's support to premier institutions like NCPRE, IIT Bombay, strengthens domestic R&D, reducing reliance on imported technology and fostering indigenous manufacturing. Through initiatives like the Renewable Energy Research & Technology development (RE-RTD) and R&D funding schemes, MNRE is enabling institutions like NCPRE to accelerate lab-to-market transitions, further stated Joshi. He added that NCPRE's work exemplifies how public-funded research, when coupled with policy support, can position India as a global clean energy hub.

Highlighting MNRE's Strategic Support for R&D & Commercialization, Joshi urged the IIT Bombay-ART PV team to Commercially demonstrate that Perovskite Tandem Solar Cells are not only scalable but also profitable. By making advanced technologies accessible to industry, we will not just be driving efficiency, but also building a stronger innovation ecosystem, he said. Joshi further said that this approach aligns perfectly with the larger vision of the Central Government under the leadership of PM Narendra Modi to turn Indian R&D into global benchmarks. He stated that the Union Cabinet approved the Research Development and Innovation (RDI) Scheme just two weeks back, and the budget for Gross Expenditure on Research and Development (GERD), stands at Rs. 1.27 lakh crore.

IIT Bombay Director Prof. Shireesh Kedare, NCPRE Principal Investigator (PI) Prof. Baylon G. Fernandes and ART-PV India Co-Founder Prof. Dinesh Kabra were present on the occasion.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.