MNRE To Establish FDI Cell For Processing Proposals

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The Ministry of New & Renewable Energy (MNRE) recently issued notice announcing creation of Foreign Direct Investment (FDI) cell in the Ministry of New & Renewable Energy (MNRE) for processing FDI proposals — reg. 

The notice states that the Government of India had recently reviewed the FDI policy for curbing opportunistic takeovers acquisitions of Indian companies due to current COVID-19 pandemic. 

It further added that: As informed by Department for Promotion of Industry and Internal Trade (DPIIT), an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under Government route and the FDI proposals involving investments from these countries shall now be processed by the concerned Administrative Ministry/Department.

“In this regard, the undersigned is directed to convey that a FDI cell with the following composition has been created in MNRE for processing FDI proposals: i. Shri Amitesh Kumar Sinha, Joint Secretary (Solar), MNRE (Nodal Officer) ii. Shri Ruchin Gupta, Director, MNRE.”, the  Ministry stated

The said announcement was approved by the Secretary of MNRE. 

Recently, The Ministry of New & Renewable Energy (MNRE) issued advisory against fraudulent websites for PM-KUSUM Scheme.MNRE has noticed that few new websites have cropped up as registration portals for Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Scheme.

The Ministry states that such websites are potentially duping the general public and misusing data captured through fake registration portals. To avoid any loss to the general public, MNRE had issued an advisory on 18.03.2019, advising beneficiaries and the general public to refrain from depositing any registration fee and sharing their data on such websites. Despite this new cases of fraudulent websites have been noticed again

Hence it has been again advised by MNRE to all potential beneficiaries and general public to be informed and avoid depositing money or data on these websites.

2 COMMENTS

  1. […] Recently, The Ministry of New & Renewable Energy (MNRE) has issued notice announcing creation of Foreign Direct Investment (FDI) cell in the Ministry of New & Renewable Energy (MNRE) for processing FDI proposals — reg. The notice states that the Government of India had recently reviewed the FDI policy for curbing opportunistic takeovers acquisitions of Indian companies due to the current COVID-19 pandemic.  […]

  2. […] Recently,The Ministry of New & Renewable Energy (MNRE) has issued notice announcing creation of Foreign Direct Investment (FDI) cell in the Ministry of New & Renewable Energy (MNRE) for processing FDI proposals — reg. The notice states that the Government of India had recently reviewed the FDI policy for curbing opportunistic takeovers acquisitions of Indian companies due to the current COVID-19 pandemic.  […]

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