QA-industry conclave to discuss future of quality assurance in defence manufacturing (See 'Corp Brief') PDUNASS conducts Workshop on Corporate Insolvency Resolution Process (See 'Corp Brief') SECL's DigiCOAL showcased at Central Vigilance Commission's National Workshop (See 'Corp Brief') IPR - Presence of well-known House Mark serves as powerful distinguishing feature that negates any likelihood of confusion: HC (See 'Legal Desk') 2.14 lakh gram panchayats connected under BharatNet: Scindia (See 'Corp Brief') Union Education Minister launches Bodhan AI Centre of Excellence (See 'Corp Brief') SEBI - As SEBI registered intermediary, Noticees are under statutory obligation to comply with applicable circulars, rules and regulations: SEBI (See 'Legal Desk') BSNL deploys One Lakh Indigenous 4G Sites; Network 5G-Ready: Scindia (See 'Corp Brief') ECI organises EVM/VVPAT Awareness Campaign in Poll-bound States (See 'Corp Brief') Trade Marks - non-use of a mark filed on proposed-to-be-used basis is irrelevant for assessing registrability of the mark: HC (See 'Legal Desk') Medicinal Plants sector to drive Viksit Bharat 2047: MoS (See 'Corp Brief') IBC/RTI - appellant cannot seek disclosure of internal notings & replies under RTI Act when same issue has already been disposed of earlier: IBBI (See 'Legal Desk') India designated Country of the Year at BIOFACH 2026, Germany (See 'Corp Brief') Delhi-NCR to be strengthened with expansion of Continuous Ambient Air Quality Monitoring Stations (See 'Corp Brief') A&C - Applications for extending arbitral tribunal's mandate u/s 29A(4) must be filed exclusively before principal civil court of original jurisdiction: SC (See 'Legal Desk') RBI rolls out measures to strengthen Cooperative Banks' Financial Health (See 'Corp Brief') A&C - Arbitral proceedings are set to commence on date of receipt of notice invoking arbitration clause: SC (See 'Legal Desk') IWAI facilitates ODC Movement via Inland Waterways to Boost Assam's Semiconductor Ecosystem (See 'Corp Brief') A&C - Under pre-2015 amendment regime, once party consents to court order appointing arbitrator, they cannot subsequently challenge existence or validity of arbitration clause before arbitral tribunal: SC (See 'Legal Desk') Prasada inaugurates STQC Lab Automation Portal 'SATYA' (See 'Corp Brief') Indian Delegation visits Vietnam to Open New Opportunities in Silk, Sericulture & Handloom (See 'Corp Brief') Paswan releases Plastic Industry Status Report 2025 (See 'Corp Brief') Trade Mark - prior user rights override subsequent registration, particularly where adoption of deceptively similar subsequent trade mark, is not bona fide & is aimed at riding on existing goodwill of existing trade mark: HC (See 'Legal Desk') CCI registered 54 cases of anti-competitive practices in 2025 (See 'Corp Brief') National Institute of Ayurveda reaffirms role as global centre for education & patient care (See 'Corp Brief') Electronic Interlocking rolled out at 34 Railway Stations of N-E (See 'Corp Brief') PMLA - Objectives of enacting PMLA 2002, was attachment and confiscation of proceeds of crime which is quintessence so as to combat evil of money-laundering: SAFEMA (See 'Legal Desk') Khelo India Multipurpose Hall at SAI Sambhajinagar is addition to Olympic readiness: MoS (See 'Corp Brief') PM addresses community programme in Kuala Lumpur (See 'Corp Brief') A & C - mandate of arbitrators appointed unilaterally by one party, merits being terminated, where the other party explicitly refuses to waive applicability of Section 12(5) of the Act: HC (See 'Legal Desk') India-US Trade Agreement: Major boost for Textile Industry (See 'Corp Brief') IBC - In unavailability of adequate document/information and considering effect of limitation period, assigning of 'zero' value to trade receivables, without any due justification, is not appropriate: IBBI (See 'Legal Desk') India has signed MoUs with 23 countries for cooperation on Digital Public Infrastructure (See 'Corp Brief') A&C - Once arbitral tribunal has adopted plausible & reasonable interpretation of facts and contractual terms, courts cannot re-appreciate evidence or sit in appeal over award: SC (See 'Legal Desk') Railways inspects All Bridges Twice a Year (See 'Corp Brief') A&C - Permitting a civil suit to challenge an award confirmed by the Supreme Court would undermine the arbitral framework and public confidence in arbitration: HC (See 'Legal Desk') Over 1.25 lakh Livestock Farmers joined Virtual Awareness Program: MoS (See 'Corp Brief') A & C - Referral court not required to conduct detailed or contested inquiry & must limit itself to ascertaining whether underlying contract contains an arbitration clause covering disputes between the parties: HC (See 'Legal Desk') Pariksha Pe Charcha marks First-Ever multi-location nationwide engagement (See 'Corp Brief') SEBI - If Noticee violated regulation 23(1) and 23(4) of LODR Regulations as alleged in SCN, Noticee is liable for payment of monetary penalty in terms of section 15HB of SEBI Act: SEBI (See 'Legal Desk') TRAI issues Telecommunication Services Interconnection Regulations, 2026 (See 'Corp Brief') Trade Marks - Procedural defects & inadvertent errors which are curable should not be permitted to defeat substantive rights, unless shown to be deliberate, mala fide, or prejudicial to opposite party: HC (See 'Legal Desk') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (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.