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India has emerged as most attractive destination for renewable energy investment: RK Singh

We are proud of what we have achieved in energy transition and climate actions so far, said Union Minister Power Minister RK Singh.

Statesman News Service | New Delhi | February 19, 2023 6:12 pm

India has emerged as most attractive destination for renewable energy investment: RK Singh

[Photo : SNS]

Union Minister of Power, and New & Renewable Energy RK Singh has said India has emerged as the most attractive destination for Renewable Energy (RE) investment and the pace of RE expansion will continue.

The Minister said that Power and RE Ministries have taken various reform measures to make India a power surplus nation, which will continue.

The Minister, who inaugurated the 15th edition of ELECRAMA 2023, the world’s largest electrical exhibition, organised by the Indian Electrical & Electronics Manufacturers’ Association (IEEMA), at India Expo Mart, Greater Noida, exhorted the industry to utilise the enabling government policies and invest in the growth of power and renewable energy sectors.

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“We are proud of what we have achieved in energy transition and climate actions so far. We have emerged as the most attractive destination for RE investment and the pace of RE expansion will continue. Doubling our overall capacity from current levels in the next seven years is the next challenge before us and we shall achieve that,” he said in his speech.

“Prime Minister Narendra Modi’s focus is on green energy and we are committed towards it,” he said. “Let us power the growth of the country together. Let’s make India great together,” he added.

The Minister also unveiled the ELECRAMA Exhibitors Directory, IEEMA report- “New Energy Equipment Outlook 2023” and Amrit Kaal report- “Path to Developed and Decarbonised India by Schneider Electric.”

Zhemu Soda, Minister of Energy and Power Development, Zimbabwe, Jean Pascal Tricoire, Global CEO, Schneider Electric, Satish Pai, Managing Director, Hindalco Industries, Rohit Pathak, President IEEMA, Jitendra K Agarwal, Chairman, ELECRAMA 2023, Hamza Arsiwala, President-Elect, IEEMA, Sunil Singhvi, Vice President, IEEMA, Charu Mathur, Director General, IEEMA and several other dignitaries were present on the occasion.

The biennial electronics congregation, with ‘Reimagine Energy – For Sustainable Future’ as this year’s theme, will have the largest public showcase yet of industry innovations by over 1000 exhibitors from India and abroad occupying 1,10,000 sqm of exhibition space.

The IEEMA’s five-day flagship event, which commenced on February 18, is expected to witness 3,50,000 footfall and over 15,000 pre-scheduled meetings between buyers and sellers.

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