India can soon ban the power companies of China’s energy companies in their power sector projects.
This can be done keeping in view the security concerns. A new policy will be made in this regard. Under this policy, new conditions will be decided for foreign companies who look at billions of dollars in the market. He told that it will stop the companies in the power sector from companies in such countries who do not allow Indian companies to do their jobs in such projects.
The scope of this restriction will be gradually extended to power generation and distribution sectors. Officials said that such a move will affect the Chinese companies who are planning to invest in the Indian Electricity Transmission Sector. China does not allow foreign investment in its electricity grid due to security reasons, but India has allowed 100% foreign direct investment in the power sector.
This step will benefit the country in a number of ways. Directed by Sunil Mishra of the Indian Electrical and Electronics Manufacturers Association, that the use of software based technology and control systems in the power sector is on the rise and such restriction will be protected from cyber attacks.
A government official said, “The discussion with the Commerce Ministry has been discussed. The policy of tithes like trade will be run. When other countries are protecting their companies and their sectors, then why should the companies here be allowed to take advantage of the Indian market? Another official of the Power Ministry said that the state governments will also be given information about this matter. He told that the memorandum is being prepared and can be issued in a month.