India’s renewable energy sector attracted investments of over $42 billion over the past four years and green energy projects have created over 10 million man-days of employment per annum over the period. These figures are part of the list of 4-years achievements of the Modi government shared by the Ministry of New and Renewable Energy (MNRE).
“New opportunities have emerged. Altogether new business space has been created. Indian companies have begun to explore foreign stock exchanges as a source of funds. India is progressively becoming a most-favoured destination for investment in renewables.
Foreign investors can enter into joint venture with an Indian partner for collaboration and setting up renewable energy-based power generation projects,” the ministry said.
It added that 100 per cent foreign investment as equity qualifies for automatic approval and the government is also encouraging foreign Investors to set up renewable energy-based power generation projects on build-own-operate basis. Read More
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