India Business News: Union minister RK Singh interacted with investors from the US and invited them to explore investment opportunities in the renewable energy and power s
Union minister R K Singh apprised the business leaders that India is on track to achieve the set renewable energy target of 450 GW by 2030 and said that electricity distribution reforms and the promotion of open access to the electricity grid will enhance the consumption of renewable energy.
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A view of the Rewa solar plant (DeshGujarat)
India s renewable energy sector has seen investments of as much as $70 billion (Rs 5.2 lakh crore) over the last seven years as per details shared by Union Minister for Power and New and Renewable Energy RK Singh,
Economic Times.
Addressing an event on Accelerating Citizen-Centric Energy Transition , Singh added, India has a liberal foreign investment policy for renewables allowing 100 per cent FDI through the automatic route in the sector.
Singh emphasised that ensuring ease of doing business is the Government s utmost priority and also added, Our continuous focus is on maintaining the sanctity of contracts and safeguarding investments.