PM Modi tells foreign investors why they should invest in India’s green energy; reveals $20 bn plan

Prime Minister Narendra Modi today said that there are huge renewable energy deployment plans for the next decade, which are likely to generate business prospects of the order of around $20 billion per year. Inviting the global investors, developers, and businesses to join India’s renewable energy journey, PM Modi added that India has a very liberal foreign investment policy for renewables. The foreign investors can either invest on their own or they can collaborate with an Indian company, PM Modi further said. After the success of PLI in electronics manufacturing, the government has decided to give similar incentives to high-efficiency solar modules. The Prime Minister underlined that ensuring ‘Ease of doing business’ is the government’s utmost priority and the country has established dedicated Project Development Cells to facilitate investors.