New Delhi: The Government’s decision to allow foreign direct investment through automatic route in power exchanges while retaining the cap at 49 per cent will open up opportunities for overseas players to participate in the growth and development of the sector, especially the exchanges.
“Introduction of global best practices, especially in the areas of technology, products, modern management skills etc, as a result of foreign collaboration are expected to lead to higher service standards at power exchanges,” said Pawan Kumar Agarwal, CFO and Company Secretary of Power Exchange India Ltd.
The share of power exchanges in the total short-term market has more than doubled over the last five years.
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