EWith an aim to attract large- scale investment in the country's renewable sector, India will host its first Renewable Energy Global Investors Meet and Expo - 'RE-INVEST' - from February 15 to 17 next year.
To be organised by Ministry of New and Renewable Energy (MNRE) in New Delhi, the investors' meet will be a follow up to Prime Minister Narendra Modi's 'Make in India' initiative.
Officials said it will be the first major platform for investment promotion in the renewable energy sector to signal India's commitment to its development and upscaling for meeting the energy requirement in a sustainable manner.
"It is the first follow up on 'Make in India' initiative. We will repeat it every year until we achieve 1,00,000 MW generation in Renewable Energy in next 4-5 years," MNRE Secretary Upendra Tripathy told reporters here.
He said for this India needs around 35 billion dollars of investment every year and this global investors meet will help in achieving that.
"We currently get around 6 billion dollars," he said.
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