The renewable energy sector received $1.5 billion of foreign direct investment (FDI) in FY19, 20.1% higher than the previous fiscal, power minister RK Singh informed Parliament on Thursday.
In the five-year period since FY15, FDI in the sector has been $4.8 billion.
The government had allowed 100% FDI in the sector through the automatic route. India ranks fourth among 40 countries in EY’s 2019 Renewable Energy Country Attractiveness Index report.
Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.