Pradhan invites investors to join India’s renewable energy journey

New Delhi, Nov 28 : Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, has invited investors, developers and businesses to be part of India’s renewable energy journey.
He assured them that it will be a highly rewarding and mutually beneficial venture.
In the valedictory address at the third RE-INVEST 2020, he said that India is progressively becoming a favoured destination for investment in renewables.
During the last six years, over $64 billion investment has been made in renewable energy in India, the minister said.
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.