One of the key requirements for a $5-trillion economy is an investment of about ₹5 lakh crore in the power transmission sector over the next few years, in order to cater to the 1.8 lakh crore units of electricity that India is likely to consume by 2025, according to a White Paper released by the Confederation of Indian Industry (CII).
“Prime Minister Narendra Modi’s vision of a $5-trillion economy will require an estimated investment of ₹5 lakh crore in the transmission sector over the next few years,” CII said. “As per estimates, India will be consuming 1.8 trillion units by 2025 as India’s growth trajectory accelerates, and this requires large investments in the transmission sector, particularly at the State level.”
The transmission sector, CII added, had seen a reduction in investments to below ₹1.8 lakh crore in the last five years. The White Paper goes on to enumerate eight action points that the government must work on to enhance the transmission sector in line with the growth of the economy that is envisaged.
Read more: The Hindu