Indian Clean Energy Sector: Empowering Growth and Opportunities (September 2011)

Sep 20, 2011

Monthly e-newsletter of OIFC

Dear Reader,

September 2011

This edition of 'IndiaConnect' focuses on the Clean Energy sector in India that has immense growth opportunity. Due to growing carbon constraints and inherent problems that exist in the current energy systems, new energy technologies have gained prominence in the recent past. Further, issues such as energy security, high oil prices and climate change have also shifted the focus towards non-conventional energy research and sources around the globe as well as in India.

Our State Partners Karnataka, Orissa and Punjab, provide interesting perspectives on the potential of the Clean Energy sector and initiatives taken by the Government in their respective states. Additionally, our Premium Knowledge Partner, Corporate Professionals provides insight into the market entry procedure and incentives pertaining to the Clean Energy sector in India.

It is our pleasure also to announce revamping of the OIFC portal, which now offers a new visual identity and structure. The revamped OIFC portal allows easy creation of communities, user groups and themes to facilitate better communication between wider audience base. The portal also features improved site navigation and a homepage that allows users to easily access useful information in an easier manner. Kindly visit our website and provide us with your valuable feedback (www.oifc.in).

To get latest updates on the Indian economy, do read our Economy Watch section. Further, read our 'IndiaUpdates' section, for the important news trends and analysis, aimed at helping the Diaspora appreciate the emerging political and economic environment in India.

Stay Connected with OIFC!

Sujata Sudarshan
CEO
Overseas Indian Facilitation Centre

ourservices

Our investment consultation and facilitation services have been steadily attracting numerous queries from Overseas Indians across geographies, round the clock. These include queries for guidance on tax, legal, investment, education, human resource (HR) services and pre-entry market exploration. Register and avail of our investment consulting and facilitation services.
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infocus

Indian Clean Energy Sector: The Power of Future
India has been ranked as the third best investment destination in Renewable Energy sector, next only to China and the US, in a recent report by independent consultants E&Y (Ernst & Young Renewable Energy Country Attractiveness Indices, May 2011). Significantly, an investment of about INR 49 billion (US$ 1.1 billion) has been received as foreign direct investment (FDI) equity inflows in the Renewable Energy sector during the last three years and the current year, till June 2011.
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Contributions from our Partners

discussionforum

In the rural areas, electrification is considered to be a vital programme for developing the socio-economic strata of the people living in the region. The main objectives of the programme are to create economic development and generate employment by providing electricity for agriculture and rural industries, as well as improving the quality of life by supplying electricity for domestic usage, shops, community centres and public places.

However, this also creates enormous pressure on the energy resources of the country, which might be mitigated through the use of renewable energy sources. In fact, the Government has planned to invest around INR 10 billion (US$ 0.2 billion) for deploying the decentralised renewable energy systems such as biogas plants or solar water heating systems in remote villages and hamlets.

We invite you to contribute your views and thoughts on increasing use of renewable energy in rural electrification.

Let's discuss.

investmenttrends

India's total private transfer receipts during January-March 2010-11 (Preliminary) stood at 14.6 billion, while between January-March 2009-10 (Partially Revised), private transfers receipts amounted to US$ 13.1 billion, according to figures released by the Reserve Bank of India (RBI) in September 2011.
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yourquery

Q: What are the incentives and tax exemptions provided by the Government in the non-conventional energy such as solar, wind energy sectors?

A: Various incentive schemes have been facilitated by both Central and State Governments under wind energy, solar energy and other renewable energy projects. You may go through the attached document for relevant information therein.

(Answered by our Premium Knowledge Partner Corporate Professionals)
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policy&newsupdates

India is a Favoured Investment Destination in Clean Energy
An investment of about Rs. 4900 crore has been received as FDI equity inflows in the renewable energy sector during the last three years and the current year.
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