India hopeful of global investments in power sector

Power, coal and renewable energy minister Piyush Goyal is hopeful of the Indian power sector getting significant investments from global investors at the World Economic Forum meeting in Davos. ´Earlier investors had lost interest in the Indian power sector but not anymore,´ he said. ´In the upcoming World Economic Forum at Davos, I am sure that global sovereign funds, hedge funds and other large global investors will be keen to invest in the sector and I am confident that we will garner multi-billion dollar investments as I am already flooded with investment proposals. Investors have regained confidence after seeing the work we are doing in an extremely deadline-oriented fashion,´he said.