Sectors

India-Spain to establish Working Committee.     The MoU was signed on 30 May 2017 during Prime Minister Narendra Modi's visit to Spain. Modi being received by the Spanish Finance Minister, on his arrival, in Madrid.  The Union Cabinet chaired...

Study says 2017 installation was 17-GW short. India will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and 15+ GW per year to meet the 2022 target, says an industry body. The...

Banks urged to lend for solar installations The International Solar Alliance (ISA) is proposing to set up a US$300 billion fund for the global solar energy, said ISA Director General Upendra Tripathy. “ISA is to bring out a tender for...

ECU Worldwide reaches out to customers/clients. ECU Worldwide, an Indian origin non-vessel operating common carriers (NVOCCs), is redefining and re-energizing its global transport and logistic business. “At ECU Worldwide, the objective is to redefine and re-energize the global transport and...

Roof-top solar to get another US$625m. The World Bank is providing US$100 million for development of internal infrastructure of solar parks planned by Indian Renewable Energy Development Agency Ltd (IREDA) of Ministry of New & Renewable Energy. The loan for...

DMIC receives Rs.499.86 crore funding. DMIC: work in progress. Commerce and Industry Minister Nirmala Sitharaman has given an update on the industrial corridors being built in the country, with funding status to date. The Delhi Mumbai Industrial Corridor (DMIC) is...

Call for Govt, PPP, investors and banks join forces. Public private partnership (PPP) is the need of the hour given the budgetary constraints of the government, said Nitin Gadkari, Minister for Road Transport, Highways and Shipping. It was imperative that...

Tax exemption for import of raw materials. Though the 2011 imposition of Minimum Alternative Tax (MAT) had slowed down growth of special economic zones (SEZs), the implementation of Goods and Service Tax (GST) provides good investment opportunities in Indian SEZs,...

Nuclear pact comes into force. Modi and the Prime Minister of Japan, Shinzo Abe witnessing the exchange of the Civil Nuclear Agreement between India and Japan, at Kantei, in Tokyo on 11 November 2016. The India-Japan Agreement for Cooperation in...

Inefficient operators to face competition. PTC India Ltd, a trading and wind power company, has signed 1,050 megawatt power purchase agreements with wind-power producers. Mytrah Energy, Inox Wind and Ostro Kutch Wind Pvt. Ltd. would supply 250-MW each of wind...