Finance Minister Nirmala Sitharaman on Monday assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured and investors should not have any concern,” Sitharaman said at the India Energy Forum of CERAWeek.
Recently, Andhra Pradesh had asked government nodal agencies Solar Energy Corporation of India (SECI) and NTPC to lower tariff of renewable energy projects auctioned by them under concluded power purchase agreements. The investors sentiment was affected due to this, especially in the renewable energy sector.
Sitharaman further said that atmosphere to invest will be friendly, and added that tax incidence has been lowered without adding any “ifs and buts”. Read More
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