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Renewable energy sector received $1.5-billion FDI in FY19


The renewable energy sector received $1.5 billion of foreign direct investment (FDI) in FY19, 20.1% higher than the previous fiscal, power minister RK Singh informed Parliament on Thursday.
In the five-year period since FY15, FDI in the sector has been .8 billion. (Representational image)
In the five-year period since FY15, FDI in the sector has been .8 billion. (Representational image)
The renewable energy sector received $1.5 billion of foreign direct investment (FDI) in FY19, 20.1% higher than the previous fiscal, power minister RK Singh informed Parliament on Thursday.

In the five-year period since FY15, FDI in the sector has been $4.8 billion.

The government had allowed 100% FDI in the sector through the automatic route. India ranks fourth among 40 countries in EY’s 2019 Renewable Energy Country Attractiveness Index report.

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News Date: 12-Jul-2019

News Source: https://www.financialexpress.com/economy/renewable-energy-sector-received-1-5-billion-fdi-in-fy19/1641355/

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