Innovation is fast getting to the roots of India, every village, town and city is running towards the wave changes that are happening in the business world. The changes have bought about massive alterations in the minds of people from all walks of life. Be it a college student, an office employee or the executives from the top management of corporate world; initiative and newness is all that is required to pull in profits. As investments are rising with every passing day the potentials are turning to become rock-solid for a brighter, better India for the future. Understandably several sectors of the country are restructuring their working patterns in order to revive their performance charts.
The Power sector is one such business industry which is expected heavy investments.
A Whooping $250 billion investment:
Indian power sector is expected to receive a windfall investment of around $250 billion throughout several segments of the industry. According to the respective ministry there is a lot of excitement both from the domestic as well as foreign sources as they are studying the sector in-depth and most of them are planning to pump in their capitals for further developments. The Power department ministry head Mr. Piyush Goyal while addressing the World Economic Forum (WEF) said that India is getting stronger with management of its natural resources and it is surely on its way to the profit making phase especially in the energy sector.
Blueprint to a Shining India:
Providing a breakup for the investments the ministry representative said that a $100 billion will be invested into the renewable department, whereas the transmission and distribution segments would be provided investments of $50 billion each. $5-6 billion is being planned for energy efficiency projects throughout India along with $60-70 billion will be put in towards restarting stalled projects along with new ones.
Uninterrupted power supply to all in India by 2019.
Additional to the above mentioned investments an assumed sum of $20-25 billion is expected to make inroads from several home and foreign investors. This amount is mainly projected to come in through many seed or angel investing for projects in the urban regions of the country.