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flag India plans nationwide retail electricity market opening to private firms to boost competition and ease utility debt.

flag India is proposing to open its retail electricity market nationwide to private companies, a major shift from the current state-dominated system. flag The draft regulations, introduced by the federal power ministry, aim to boost competition, improve efficiency, and reduce financial strain on struggling state utilities, which owe power generators about $6.78 billion. flag Private firms like Adani Power, Tata Power, and CESC could expand operations beyond existing regions, with multiple providers potentially serving the same area. flag The move follows past resistance in 2022 and comes amid efforts to modernize infrastructure and attract investment. flag Final approval depends on government review and stakeholder consultations.

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