WASHINGTON D.C. (TIP): At an industry roundtable hosted by the U.S.-India Business Council (USIBC) in Washington D.C., Piyush Goyal, Minister of State with Independent Charge for Power, Coal, New & Renewable Energy discussed the $250 billion investment opportunity in India’s growing energy sector.
Addressing senior business executives from the energy sector, Minister Goyal said, “Since assuming office, our Government has laid a very solid foundation for the ease of doing business in the country. India’s power generation capacity has grown significantly- we have seen 8.5% growth in power generation year over year. We aim to provide electricity to all Indians by 2019. “
USIBC Executive Vice President, Diane Farrell said, “Minister Goyal is an excellent representative for Government of India’s commitment to ease of doing business in the country. Power is the backbone of any economy and vital to the Prime Minister’s Make in India initiative. It is encouraging to see the tremendous strides being made by the sector to place India on a firm growth trajectory. USIBC member companies are responsive to the Government of India’s commitment to ease of doing business and remain optimistic about investment opportunities.”
The event was attended by senior executives from USIBC member companies: First Solar, Oracle, GE, XCoal, Gasification Technologies Council, Vermeer, AECOM, International Paper, 3M, and Westinghouse and others.
Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council is the premier business advocacy organization, comprised of more than 300 top-tier U.S. and Indian companies advancing U.S.-India commercial ties. USIBC is the largest bilateral trade association in the United States, with liaison presence in New York, Silicon Valley, and New Delhi. Ajay Banga, President and CEO of MasterCard, is USIBC’s Chairman.