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




Foreign policy expert and distinguished fellow of Observer Research Foundation, C Raja Mohan said, "For the Prime Minister, the foreign policy is all about boosting the Indian economy. If he can improve the domestic economy policy, his success will be bigger in foreign policy."

The representatives from Indian industries felt that major changes will come about with the direction that the government takes, whether it is towards power, housing or other sectors, it will contribute to growth and GDP of the country.

Sidharth Birla, President FICCI, said, "It is important to concentrate on the breadth of development taking place, rather than the gradual or the incremental growth. Infrastructure will provide maximum jobs and the budget has addressed it wonderfully."

Foreign companies representatives drew attention towards the challenges faced by them which are similar to the ones faced by Indian companies. Foreign companies would like to see quicker decision making to improve investor confidence.

Sashi Mukundan of British Petroleum speaking on the energy sector highlighted that, "Oil and Gas in India is still being imported although it has the resources under the ground. 180 billion dollars of imports are coming in which may grow to 200-300."

He also said that "PM should set up energy advisory board where he can hear of international experiences."

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Source: IANS