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EEPC projects $5 bn fund flows in India over 3-5 years in renewable energy sector

According to reports in the media, Engineering export promotion body, EEPC India on Saturday said the country could witness fund inflows to the tune USD 5 billion over next three to five years in the renewable energy segment.

“We are presently in touch with 30 global firms in countries like Israel, USA, Russia, Germany and France. We have a ambitious target of USD 5 billion investment over next 3 to 5 years in India through tie-ups in renewable energy sector,” EEPC India Executive Director R Maitra told media.

“In coming three months we would be able to say with more clarity since we have undertaken a study on this,” Maitra said. The Government of India has commissioned EEPC India to undertake a study on potential for invesments in renewable energy segment in India. The study is being conducted by a top global consulting firm Ernst and Young.

“GoI has asked us to conduct a study on potential for investments in the renewable energy sector especially in reference to Special Economic Zone,” he said.

“The study is being conducted by Ernst and Young, which is likely to get over by January end. In meantime few global players have already visited India and have begun conducting pre-feasibility study of investments to be made here,” Maitra said.

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