India Will Be Made 'Generator And Inverter Free': Power Minister


NEW DELHI: Prime Minister Narendra Modi's government will work to provide 24x7 power supply to the people of India during its tenure and work towards making India "generator and inverter free," Piyush Goyal, Union Minister of State (with independent charge) for Power, Coal and New and Renewable Energy said.

Delivering The Economist's The India Summit's 2014 keynote address - "Powering India's Future" in the capital, Goyal, said that the greatest challenge he faced when he started as power minister was the transmission and distribution of power.

He assured that "The Modi government will work to provide 24X7 power supply within the span of their tenure, with the expectation of making the country generator and inverter free."

The minister also stressed the need of renewable energy, a sector in which he expects to see $100 billion invested in 5 years.

He also urged large businesses to make investments in this sector and to utilize their CSR funds to support goals like skill development and building toilets.

Transmission and distribution are also likely to see investments of up to $50 billion in the next three to four years, according to the power minister.

Part of The Economist's award winning country summit series, The India Summit 2014 assessed India's new political landscape and what it means for business, the economy, foreign affairs, political bureaucracy and society. The theme of the event was -" Will India rise again under the new government?"

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Source: IANS