Thursday , October 21 2021

VRG Energy Received National Entrepreneurship Award in Renewable Energy and Waste management category

Udaipur : The National Entrepreneurship Awards have been instated by the Ministry of Skill Development and Entrepreneurship to encourage the culture of Entrepreneurship across the country. In order to present these awards of 2018, a function was held organised at Ambedkar International Bhawan, New Delhi on January 4, 2019. Mr. Suresh Prabhu – Union Minister of Commerce & Industry and Civil Aviation and Mr.Ananth Kumar Hegde – Minister of State for Skill Development and Entrepreneurship was present in this function. Here it is necessary to know that for these awards for individuals and organizations were selected in seven different phases, there were about 6000 nominations across India in different categories of these awards. VRG received this award for its outstanding activity in the Renewable Energy and waste management Category.

After watching the movie “SWADES” in the year 2004, 18 year young boy was disturbed and at the same time inspired to transforming the socio-economic life of his fellow human beings. To make this dream a reality, in the year 2011, Mr. Vijay Rathod, Mr. Ritesh Kamani, Mr. Ghanshyam Kapuriya focused on renewable energy based solutions by establishing VRG Energy India Pvt. Ltd. in Rajkot,Gujarat. VRG noticed that India was importing DC solar pumps to a large extent at that time.

Not only was it using foreign exchange but also there were challenges of serviceability of the products. VRG achieved its technical capabilities and built its own indigenous AC solar pump controller with its own research and development, thereby improving the serviceability of the products, at the same time generating Employment within the country. By using these VRG products, farmers have been able to scale up from the earliar one-crop-per-year to now up to Three-Corp-per-Year, thereby farmers have been able to double their income. VRG has benefited about 9000 farmers. With an initial capital investment of 9 lakhs, there turnover increased from Rs 42 lakh in 2011 to Rs 34
crore in 2017-2018. The target of the company is to achieve turnover of 65 Billion by 2036.

VRG is very active participant in International Solar Alliance (ISA) activities. ISA was formed with the joint effort of Prime minister of India Mr. Narendra Modi and President of France Mr. François Hollande. In accordance with the Paris Declaration on the International Solar Alliance of 30th November, 2015 and the shared ambition to undertake joint efforts required to reduce the cost of finance and the cost of technology, mobilize more than US $ 1000 billion of investments needed by 2030 for massive deployment of solar energy, and pave the way for future technologies adapted to the needs. There are 121 prospective member countries in ISA. in which 71 countries have already signed the ISA Framework Agreement. VRG has received the Invitation to present the features and importance of solar water Pumping system to overcome the crises of food security in front of the Ministers/ Representative of ISA Member countries. It is a proud moment for India. This program is been held during 14-16 January, 2019 at Abu Dhabi (UAE)

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