IPP sponsors India’s largest investor’s summit to be attended by global stakeholders
Prime Minister Narendra Modi is to inaugurate the Summit on 15th February 2015
IndiaCSR News Network
MUMBAI: Welspun Renewables, India’s leading clean energy generator has been working for holistic development of the sector. In line with supporting Prime Minister Narendra Modi’s vision of 100 GW, Welspun Renewables as lead sponsorer has partnered with Ministry of New & Renewable Energy (MNRE) for its first Renewable Energy Global Investment Promotion Meet & Expo (RE-INVEST). This is a follow up event to PM Modi’s ‘Make in India’ campaign. Slated to be one of India’s largest investors summit, Welspun Renewables is the lead sponsorer of the event.
Upendra Tripathy, Secretary, Ministry of New and Renewable Energy (MNRE) commented, “We are looking at renewable energy as a major variable in India’s energy security target. We have high expectations from RE-INVEST. Through this event we are seeking to create a bridge between investors and developers/manufacturers. We will showcase that India is more than ready for its next phase of development, our policy environment is stable and conducive for growth.”
Vineet Mittal, Vice Chairman Welspun Renewables said, “We are quite keen to support Ministry of New & Renewable Energy’s endeavor for an empowered renewable energy sector. It’s a burgeoning sector and with the government’s commitment we are sure to see major growth prospects. Being associated with RE-INVEST is a matter of pride for the organization. The government is taking all the necessary steps to ensure that the Prime Minister’s envisioned target of 100 GW is met within stipulated timelines. By sponsoring for this event we are doing our bit.”
The 1st RE-INVEST is being organized with the intent of providing a platform to the global investment community to connect with stakeholders in India. The event will showcase India as an investment destination for renewable energy and to encourage investors for setting up projects and manufacturing facilities of Renewable Energy equipment & products in the country. The Inaugural Session will be presided over by the Prime Minister of India on 15th February, 2015 and addressed by high level dignitaries at Vigyan Bhawan, New Delhi.
Welspun Renewables is targeting to commission 1 GW of solar and wind capacities before the end of this calendar year – December 2015. The organization envisions developing power projects pan India, with existing projects located in other high radiation zones like Gujarat,
Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu and Punjab.