Business
India to become 'favoured' spot for investment: Piyush Goyal
New Delhi, Feb 16
Union Minister Piyush Goyal
Monday said the government was committed to facilitate and protect
business in order to make India the "favoured" destination for global
investments.
Addressing the Renewable Energy-Invest 2015: First
Renewable Energy Global Investors Meet and Expo here, the minister for
power, coal and new and renewable energy sought to project India as a
new destination of investment for renewable energy in view of its
ambitious renewable energy programme with a target of 15 percent
generation by 2020.
To achieve the target, the prerequisite is to
"make it easier to do business (in India), have consistent policies,
ensure our investors that this country is a good place to do business,
have bankable contracts, and rule of law in this country," he said.
Goyal
said the Narendra Modi-led government seeks to scale up the renewable
energy programme as a step towards taking on the scourge of climate
change "head-on" and ensure a cleaner world to leave behind a "better,
cleaner, and greener India" for posterity.
Stressing on balancing
India's growth needs with the requirement to make the country business
friendly, the minister said: "While we are pro-poor, we understand that
businesses have to be successful and contribute to welfare of the poor
in India... this government understands business and acts as a
facilitator of business."
"We can have enough energy to provide
24X7 power to every home, industry and commercial establishment. The aim
of the government is to dovetail welfare measures for the
underprivileged with efforts to make sure that investments in India are
protected," he added.
The plenary session of the summit examined
the overall renewable energy potential of the country and discussed
various investment opportunities.