India seeks investments from US companies in power, coal sectors

Power, coal and renewable energy minister Piyush Goyal urged United States-based companies to invest in India while outlining the government’s efforts to revive investments in energy sector.

At a conference of US India Business Council (USIBC) on May 22, Goyal briefed US energy secretary Ernest Moniz and US commerce secretary Penny Pritzker on initiatives taken by his ministries for creating a framework for private sector participation in coal mining and production, increasing renewable energy capacity 175 gigawatts over the next seven years and doubling electricity production over the next seven years, an official statement said.

Arun Singh, Ambassador of India to the US and other members of the delegation, comprising of senior officials of the power and renewable energy ministries accompanied the minister to the conference.