India will honour energy contractual commitments, investors need not worry: FM

Finance Minister Nirmala Sitharaman on Monday said that India will honour contractual commitments under various energy agreements especially in renewables and investors need not worry about this issue.

"I also want to broadly highlight the justifiable concerns about honouring contractual commitments....We as a nation (are) concerned. We will make sure that commitments are honoured. That should not worry those investors or those who already invested in building capacities in India for energy and energy security," Sitharaman said at the India Energy Forum of CERAWeek.

She further said, "I am conscious that we are talking about uncertainties which will prevail. But it is understandable and without taking any sides, I can tell you that commitments will be honoured. Therefore Investors need not have that concern."
Elaborating further she said, "the Government will take every step to make sure that atmosphere to invest is going to be friendlier."