Hindujas begin work on 15 bn power plan

However, President of the Hinduja Group of Companies Gopichand P Hinduja said at the India-EU Business Summit that the Indian Government needs to pull up its socks for transparency and accountability in terms of clearing the mega projects.

8220;There should be a time limit for clearance of the projects and accountability be fixed for delays,8221; Hinduja said at the Summit, organised by the French industry chamber MEDEF, FICCI and CII in Paris.

Hinduja said the group with presence in 32 countries is committed to investing in India8217;s infrastructure sector.

8220;Our commitment is visible with our 1,000 MW power generation project in Andhra pradesh and a new 4,000 MW project in Tamil Nadu,8221; he said.

The projected investment in India8217;s infrastructure sector over a 10-year horizon is 1.5 trillion dollars, which is equivalent to one and a half times of the country8217;s present GDP.

The government, which had earlier set up an 11th Plan target of 78,577 MW additional capacity, has revised it to 90,000 MW new power generation by 2012.