French comp to contribute to India's renewable energy targets

Image
Press Trust of India New Delhi
Last Updated : Sep 09 2016 | 8:22 PM IST
French companies are looking for partnerships in India to contribute to the country's renewable energy targets through innovative solutions and technology cooperation.
A French delegation, specialising in the renewable energy sector, wrapped up their week-long visit to India and pledged to contribute the country's energy targets with cutting-edge technologies.
The delegation, comprising of leading technology companies and representatives of associations and federations of the French renewable energy sector visited India between September 5 and 9.
"The companies are actively looking for partnerships to contribute to the renewable energy targets in India through innovative solutions and technology cooperation.
"They presented their expertise and cutting-edge technologies ranging from solar trackers, water turbines to software for energy information systems," a French Embassy statement said.
The delegation also visited the 'Renewable Energy India Expo' in neighbouring Noida.
The delegation travelled to Delhi, Bengaluru, Mumbai and Roorkee and also met key Research and Development players in the renewable energy sector in India, including IISc Bangalore, IIT Bombay, L&T, Tata Power and others apart from meeting with officials of New and Renewable Energy Ministry, it said.
India has ambitions in renewable energy as attested by the creation of the International Solar Alliance.
The country aims to generate 40 per cent of its energy from non-fossil fuel sources in its energy mix by 2030 and for deploying 175GW of renewable energy by 2022.
"French companies intend to contribute to achieving this target. Business France is supporting them in finding synergies with Indian counterparts and institutions, with the aim of developing technical cooperation," the statement said.
France is the third largest foreign investor in India, with an estimated investment of around 20 billion euros, which has contributed to creating around 3 lakh skilled jobs in the country, it added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 09 2016 | 8:22 PM IST

Next Story