India is facing a power crisis largely because of delayed approvals and an acute shortage of coal, says Prashant Ruia, Chief Executive, Essar group. Ruia called for more action from the government to make India an attractive destination for foreign investors. He said that the story on India's power shortage is real. India has a very large power deficit. Close to 40 per cent of people don't have access to power. Policy paralysis delayed most of the approvals which were required for the coal to be made available and there has been a lot of positive movement in that aspect, he added.
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