The reforms have come to a stage of maturity and implementation of the proposed projects will not be delayed as the policies are in place, he said. Apart from this, the centre and several states also have set up the electricity regulatority authorities as advised by the centre early this year.

"Setting up of these bodies was necessary largely to rationalise the tariff structure all over the country," he said. It was also considered a prerequisite for private investment in the sector, he added. The centre has also passed the Transmission Act to facilitate private investment in the capital-intensive sector, hesaid.

Kumaramanglam said that the centre has recently passed the mega power projects policy through which they will add another 15,000 mw. The projects will be signed by March next year.

In his address, German Ambassador, Heinrich-Dietrich Dieckmann said though Germany is the second largest investor in India and the country's second largest trade partner, India still shares only one per cent of the total foreign investment of Germany and trade here is only one per cent of total German international trade.

There is a lot of scope for further investment both in direct investment from Germany and bilateral trade, he added. However, like any local company, the foreign companies also face hurdles in implementing plans due to lack of infrastructure and bureaucratic delays, he said.