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Sweden sees big energy opportunities in India

Sweden today said partnering India in the energy space would be a "win-win situation" and also offered its expertise for setting up smart grids in the country.The government had earlier advocated the need for India to adopt smart grids and concepts to improve energy access for ensuring that power reaches all in the country. "Smart Grid presents a very good opportunity here. It is an area where we wish to have good cooperation with India. "... Waste management will be a huge issue, waste to power is an area where we could have very good cooperation. We have been making biogas from waste, making electricity from waste. There are a lot of things there where I think we could have cooperation," Cv Ibrahim Baylan, Minister for Policy Coordination and Energy, Sweden told PTI.

Baylan said he had a "very good and productive meeting" with Minister for Power, Coal, New and Renewable Energy and Mines Piyush Goyal yesterday and invited him to Sweden to see what Sweden is doing in the energy space. Sharing his views on the scenario of doing business in India, Baylan said: "Of course there are challenges but we are very optimistic because we are seeing regulatory changes. The GST reform is very welcome. We want to become a long-term partner for India. We believe that would create a win-win situation especially in the area of energy".