RK Singh, the federal minister for new and renewable energy, on Monday said the government had earmarked a whopping 9.65 trillion rupees (US$116 billion) towards the sector over the next few years.
Can Red Sea attacks speed up Southeast Asia’s clean energy transition?
Can Red Sea attacks speed up Southeast Asia’s clean energy transition?
What underscores this series of investments is the substantial financial commitment to renewable energy efforts. With an insatiable appetite for energy across industries, India has been fortifying its renewable energy systems, aligning with ambitious goals to reduce carbon emissions.
Vibhuti Garg, an energy economist and South Asia director at the Institute for Energy Economics and Financial Analysis said: “For the past two or three years, the investment climate has been very favourable, resulting in a significant uptick in market investment.”
According to government figures, the renewable energy sector attracted more than US$6.1 billion in foreign direct investment…
