FICCI and the High Commission of India, Singapore in partnership with the Singapore Manufacturing Federation (SMF) and Institute of South Asian Studies (ISAS) organized ‘India-Singapore Energy Technology and Investors’ Meet’ recently.
Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy while addressing the august gathering at the Meet, presented achievements of last two years, many of which have a strong reflection and implications for the energy sector. He said, “The approach of the government has been to set the fundamentals right and a reform-to-transform approach.”
Mr. Harshavardhan Neotia, President, FICCI who is leading the high-powered corporate honchos to Singapore admired the Minister Goyal’s personal commitment and leadership to provide affordable, accessible and abundant sources of energy to the 1.3 billion people of India.
Reflecting upon the last year’s achievement, Minister Goyal stated that it has been the year of many highs with:
- Historically highest ever urea production, ethanol and milk production
- Highest ever gas connections to rural poor
- Turnaround of ports
- Record number of new highway projects awarded
- Increase in railway capital expenditure
- Software exports
- Forex reserves
- Improvements in the ease of doing business index
The Minister further added how the present government has resolved several long pending issues. He also opined that the government has based its actions on principles of good governance. “India will be the world’s largest market for new technology and innovation. We want to reach the benefits of technology to the last village” shared Minister Goyal.
A high-powered business delegation comprising CEOs/MDs of leading energy companies from India also went to Singapore.