South India: To play a crucial role in India's growth

Updated on: Friday, July 10, 2009

Coimbatore: South India will play decisive role in India's growth, according to Ahmed A.R. Buhari, Founder President and CEO of Coal and Oil Group of Companies.

Speaking at a symposium on 'Fuelling South India's Energy Growth', organised by the Confederation of Indian Industry and the Southern India Engineering Manufacturers' Association, here on Wednesday, he said that India was fast emerging as a super power.

India and China play a decisive role in global growth. The global growth in 2008 was about 2.5 per cent and it was predicted to be 0.9 per cent in 2009. Next year, India would be the fastest growing economy.

India had make giant strides in power capacities. Every there is a growing demand for and about $ 600 billion investment was needed over the next 10 years in this sector.

K. Kasthurirangaian, chairman of the Indian Wind Power Association, said with all villages in the State electrified and more industries coming up, the State required more power. The state has been experiencing increased energy consumption, but no initiative has come out to generate power.

Among the total installed capacity in Tamil Nadu, 657 MW was nuclear, 2093 MW was hydel, 4379 MW was wind and the rest was thermal. Though several power projects were proposed to augment generation, it remained to be seen how many would materialise.

South India: To play a crucial role in India's growth

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