New Delhi, Feb. 20 -- India is working on a broad financial and policy push to get India's offshore wind programme off the ground after the country's first tender in off Gujarat drew no bids, two people aware of the developments said. At the centre of the government's plan is a proposal to enhance support for the capital-intensive sector, including raising the Rs.7,453 crore viability gap funding (VGF) to make the project attractive for investors.

The ministry of new and renewable energy (MNRE) has asked the World Bank to assess the additional financial requirements and risk-mitigation measures needed to attract private investment, while it is also working with consultancy firm KPMG and seeking inputs from the India-UK Offshore Wind Task...