FOREIGN DIRECT INVESTMENT POLICY(FDI)
Alternate Energy, Renewable Energy, Energy, Solar Energy, Wind Energy, Hydrogen, BioEnergy, Biofuels, Gree Energy, Geothermal Energy, Hydroelectricity, Nuclear Energy, Wave Energy, Batteries, Battery, Energy Storage, New Energy, Clean Energy, Energy Transition, Syatainable Future, Solar Panels, Trade Show, Power Generation, Green Power, Sustainable Power
- India is 3rd most attractive for Renewable Energy investments and deployments.
- FDI up to 100% is permitted in this sector under the Automatic route and no prior Government approval is required.
- The cumulative FDI equity inflow in the Railway related components industry is USD 11,623.65 mn during the period April 2000 to March 2022. This constitutes almost 2.1% of the total FDI inflow received across sectors.
- In the Union Budget 2022-23, the government allocated Rs. 19,500 crore (US$ 2.57 billion) for a PLI scheme to boost manufacturing of highefficiency solar modules.
- Rising foreign investment in the renewable sector (such as the US$ 75 billion investment from the UAE) is expected to promote further investments in the country.
- India aims to become a net-zero economy by 2070 and has set a target of installing non-fossil energy capacity of 500 GW by 2030.
- The transition to a low carbon energy regime has the potential to account for $5 trillion to $7 trillion worth of economic opportunity.