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Why foreign investors are bullish on Solar India

India Inc. Staff

India has laid down a very aggressive road map for solar power in the country, with an overall target being 100GW by 2022 - nearly five times from current levels. Co-founder of Rays Power, a pioneer in the field of solar power generation in the country, gives his view on achieving this goal. There is a very huge requirement for equity capital investment in the Indian solar sector and a lot of that capital will come from foreign markets. London, as one of the financial centres of the world, has shown a growing interest in solar in India as a promising story.

In a move that renewed hope in India’s civil aviation circles, and sent waves of optimism in business circles, the Tata Group acquired beleaguered national carrier Air India for $2.4 billion last week. The transaction will be completed by December 2021.

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