Power cos expect conducive biz environment from BJP-led govt

Looking forward to major reforms aimed at infrastructure growth, power sector firms today expressed optimism that the new BJP-led government will provide a conducive investment environment.
Trends point to BJP recording its best performance in 34 years, winning about 280 seats, while NDA tally is expected to cross 330 seats. This is also the first time in 30 years that a single party is going to have a majority in Lok Sabha.
"We believe the BJP-led government will provide an environment conducive for growth and investments, with major reforms in infrastructure and renewable energy sector," Suzlon Group Chairman Tulsi Tanti said in a statement.

According to him, such reforms are important as India's economic environment would act as a catalyst in reviving the global economy.
Reflecting similar sentiment, GVK Power & Infrastructure Ltd's Founder Chairman and Managing Director G V K Reddy said that with a strong mandate, the new government will do well and implement economic policies that benefit people as well as the industry.
"This will create an environment conducive for growth and ensure prosperity of the nation, thereby fulfilling its enormous potential...," he said.

People's confidence and mandate for stability has ensured that there would be economical and political stability in times to come, he noted.

Schneider Electric India's Country President and Managing Director Anil Chaudhry said he was looking forward to policies that would bolster infrastructure development.
"We look forward to policies that will bolster infrastructure development in India, acting as an engine of growth, creating thousands of new jobs and pushing up GDP growth, while lowering poverty levels and bringing alive our collective dream of inclusive growth," he noted.
ACME Solar's CEO Manoj Kumar Upadhyay expressed optimism that the new government said he expects the new government would provide the much-needed impetus for green energy.
"We expect the government will have policy-push in order to grow developers and customers interest in the solar energy," he added.

Indian Electrical & Electronics Manufacturers Association (IEEMA) said the new government should strive towards providing assured availability of quality power at reasonable cost to people, agriculture and industry.