3
Aug
2021
How the FDI framework will work in India’s burgeoning energy sector
“India’s future prosperity will hinge on affordable, clean and reliable energy” – How the FDI framework will work in India’s burgeoning energy sector
Hugh Fraser International (HFI) in association with Metwand Chambers Law Office in Mumbai, has released the second article in its “Roadmap to Successful Ventures in India” programme. Our second topic from energy specialist Mukund Puranik, is the foreign direct investment (FDI) framework with specific focus on the energy sector.
The IEA India Special Report 2021 reports that “India’s future prosperity will hinge on affordable, clean reliable energy. India has seen extra ordinary success in its recent energy development, but many challenges remain, and the Covid-19 pandemic has been a major disruption. In recent years, India has brought electricity connections to hundreds of millions of its citizens; promoted the adoption of highly efficient LED lighting by most households; and promoted a massive expansion in renewables sources of energy led by solar power. The gains for Indian citizens and their quality of life have been tangible. However, the Covid-19 crisis has complicated efforts to resolve other pressing problems. These include a lack of reliable electricity supply for many consumers; a continued reliance on solid biomass, mainly firewood as a cooking fuel for some 660 million people; financially ailing electricity distribution companies and air quality that has made Indian cities among the most polluted in the world.”
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