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Big opportunities for Japan in India's energy sector

By Niranjan Mudholkar,

Added 09 January 2017

Piyush Goyal suggests that India and Japan should cooperate on long term contracts for LNG with a defined cost of energy

India’s Piyush Goyal and Japan’s Hiroshige Seko in a bilateral meeting, on the sidelines of the Indo-Japan Energy Forum 2017

During the day long sessions in the Energy Forum, there would be technical discussion sessions on critical subjects of mutual cooperation in the energy sector, which include Enhancing Renewable Energy and Grid Stability, Promoting Technological Cooperation in Energy Efficiency in Industrial and Commercial Sectors and Technological Options and Energy Efficiency Improvement in Transport Sector.

Speaking on the scope of India-Japan cooperation, Goyal said that this forum is a platform to engage with Japan for mutual benefit in the energy sector by working towards bringing Japanese strengths in cutting edge engineering and technology to India. This would help India in enhancing Grid stability, bringing Electric Mobility at affordable prices to the country etc., which the Government is vigorously pursuing, he added.

Further, Goyal said that since large number of items in the Renewable energy sector come from abroad, we are working to create a sustainable framework for encouraging the manufacturing of solar equipments in India at less costs so as to make 24x7 Affordable and Quality power available to each citizen in India.

This will also give a fillip to the Make in India mission by scaling up manufacturing sector in India with the help of cutting edge Japanese technologies in the power sector. India should leap frog the learning curve with the help of contemporary next generation technologies and should not miss out on the opportunities to provide sustainable energy future to every citizen, based on their needs, he added.

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