NEW DELHI — The massive power outages in northern India late last month that caused damage of billions of rupees has global companies adding one more worry to their to-do list in India: not to be caught in the dark again.
A recent report by Standard & Poor’s noted that power capacity has increased about 41 percent over the past decade. “But while the government has increased funding allocations to the power sector in its recent five-year plans, it has consistently failed to meet its planned capacity expansions,” said the report, titled “Adequate Infrastructure Is Essential to Lighten India’s Power Woes.”
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