Mr Piyush Goyal, Minister of State for Power, Coal & New and Renewable Energy , said that in order to increase energy generation from renewable resources, the centre is planning to take steps to encourage global companies for investing in this sector. The Government is contemplating to seek international cooperation for importing technology to boost investment in renewable energy sector of the country.
Mr Goyal said that as per the Global Status Report 2014 of Renewable Energy Policy Network, about USD 6.1 billion has been invested in renewable energy in India, whereas China has received investments worth about $ 56.3 billion in renewable energy during the year 2013 to 2014. The investment was mainly for solar and wind power projects.
To showcase India’s renewable energy potential globally, the Ministry of New and Renewable Energy is organising the Global Renewable Energy Investment Promotion Meet from 15 to 17 February, 2015 in New Delhi as a follow up to the ‘Make in India’ initiatives launched by the Prime Minister.
Mr Goyal said that “This meet will give an opportunity to all states to showcase their policies to facilitate investment, progressive, initiatives and investor friendly climate to attract investments in renewable energy.”