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What BJP win in Uttar Pradesh means for Sembcorp Industries

PC Lee
PC Lee3/24/2017 11:35 AM GMT+08  • 1 min read
What BJP win in Uttar Pradesh means for Sembcorp Industries
SINGAPORE (March 24): Victory in India’s Upper House of Parliament for PM Narendra Modi’s BJP party in Uttar Pradesh spells good news for Sembcorp Industries, says UOB Kay Hian.
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SINGAPORE (March 24): Victory in India’s Upper House of Parliament for PM Narendra Modi’s BJP party in Uttar Pradesh spells good news for Sembcorp Industries, says UOB Kay Hian.

Currently, Power Purchase Agreement (PPAs) awards are in limbo as elections take centrestage in the country.

In a Friday report, UOB lead analyst Foo Zhi Wei says the win will strengthen BJP’s position in parliament which could see a hastening of the award process due to reduced political red tape.

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