Union power minister invites German energy firms to invest in India

Union power minister R K Singh on Tuesday urged German energy firms to invest in India as the country has emerged as the most attractive destination for investment in renewable energy sector.

"Union Minister for Power and New & Renewable Energy R K Singh held a virtual round-table meeting today with major German energy companies about their expansion in India," said a statement by the Ministry of New and Renewable Energy (MNRE).

Union secretary for power Alok Kumar, joint secretary MNRE Vandana Kumar and other senior officials from India and Germany also joined the meeting.

Singh said that India has emerged as the most attractive destination for investment in Renewable Energy (RE).

The country has focused programmes for capacity addition and accelerating the energy transition, he added.

The minister said that India already has one of the largest RE capacities in the world, and the country has the fastest rate of growth of RE capacity addition.

Singh emphasised that India will add