New Delhi, Feb. 22 -- Union Power Minister Manohar Lal on Saturday urged industry stakeholders to focus on innovation and modernisation to help India achieve its ambitious renewable energy (RE) target.

Speaking at the 'Elecrama 2025' event organised by the industry body Indian Electrical and Electronics Manufacturers' Association (IEEMA) in Greater Noida, the minister emphasised the importance of the power sector in driving the country's economic growth.

"The future of power in India is good. In this journey, we need to increase production in an innovative way," Lal told the gathering. He added that advanced power electronics, efficient transformers, power converters, smart grid solutions need to be developed to take benefit of green en...