Electricity is a future of economic growth in India: R. K. Singh

New Delhi, October 27: Electricity is the future of economic growth in India and this growth cannot take place without Industry participation. This was said by State Power Minister R. K. Singh while addressing the 3rd Global Investors’ India Forum in New Delhi on Thursday. Notably, the theme of the event was ‘Ideate, Innovate, Implement and Invest in India’.

 

Addressing the event, Minister R. K. Singh said, “Electricity is the future of economic growth in India. This growth cannot take place without Industry participation. I invite you to come and invest in India’s Energy sector.” The Minister also assured that the Government would extend all possible support and remove all impediments in the path of investments in the power sector.

Minister R. K. Singh said that looking at the future of growing power consumption in India, it is expected that the per capita energy consumption would expand at a breakneck speed, tripling in the next 5-7 years. The Power Minister also informed the gathering that in the near future, to keep pace with this rapid change in the Renewable Energy Sector, Industry needs to partner with the Government in investing in Green Energy Corridors, Battery Storage Technology, Grid Improvement, Electric Vehicles Programme etc.

The Minister also invited the Industry stalwarts to devise the future strategy to achieve the above goal, in coordination with the Government. “Our time has come to lead the World in Clean Energy, the Industry must not be left behind in this endeavour”, Minister R.K. Singh concluded.

 

Importantly, the event was organized by the ASSOCHAM and witnessed the participation of Global Industry stalwarts, who engaged in an intense discussion with the Minister and senior officials of the Ministry.