India invites investors to RE
Over US$ 64 billion invested in RE India so far! Be a part of India’s renewable energy journey The Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan has invited investors, developers and businesses to be a part of India’s renewable energy journey, assuring them that it will be a highly rewarding and mutually beneficial venture. In the Valedictory Address at the 3rd RE-Invest 2020, he said that India is progressively becoming a favoured destination for investment in renewables. During the last 6 years, over US$ 64 billion investment has been made in renewable energy in India. Shri Pradhan said that India has a very liberal FDI policy in energy sector, including renewables. “Foreign investors can either invest on their own or enter into joint ventures with an Indian partner for financial and/or technical collaboration for setting up of renewable energy-based power generation projects.”, he said. The Minister assured that “Ease of doing business”...