Indian parliament passes bill to boost private investment in mining amid opposition protests

The Indian parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021 which seeks to bring more reforms in mining sector for boosting private investment and creating more jobs. However, opposition parties demanded a select committee scrutiny of the bill, saying the government may face the same backlash against this Bill as they […]

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Coal India to invest in 26 new projects in partnership with private companies

Coal India plans to invest Rs 1.43 lakh crore in 26 projects in new business areas. The new business areas will include solar wafer manufacturing, a greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar generation projects, and thermal power plants. CNBC-TV18 reported that the company has received approvals […]

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India’s solar sector saw 24% jump in corporate investments in 2020 – report

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India’s solar sector attracted global corporate investment of $14.5 billion in 2020, a 24 percent jump from $11.7 billion raised in 2019, clean energy communications and consulting firm Mercom Capital Group said in its annual report on funding and merger and acquisition in the sector. Despite the uncertainties caused by the Covid-19 pandemic translating to […]

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Rockefeller Foundation with its history in oil decides to let go of its oil Investments

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of the Rockefeller Foundation, Rajiv Shah, told CNN in an interview last week. Funds for the creation of the $5-billion foundation initially came from the oil money of […]

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India’s fisheries sector can grab almost $9 billion investment in 5 years

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India expects the fisheries sector to attract investments worth $ 9 billion (Rs 67,000 crore) over the next five years along with huge employment generation. Fisheries exports are expected to more than double to Rs 100,000 crore by 2024-25 from Rs 46,589 crore at present, Union Fisheries Secretary Rajeev Ranjan said at an e-conference of […]

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India planning to introduce production-linked incentives for chemicals, agrochemicals

India is planning to soon introduce a Production Linked Incentive (PLI) programme for its chemicals and agrochemicals sector, similar to one that it has introduced earlier this year for mobile phone makers, Mansukh Mandavia, minister for chemicals said on Thursday. “We will reform all rules and regulations to give a boost to the Make in India […]

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India’s renewable energy sector can expect 35 percent growth in investments by 2023 – Crisil

Increasing global investor interest and an enabling regulatory ecosystem has primed India’s renewable energy (RE) sector to attract 35 percent growth in investments by the financial year 2023. According to CRISIL Rating’s analysis estimates that India can augment as much as 35 gigawatts (GW) of renewable energy in both solar and wind power capacity in the […]

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Coal India to invest Rs 1.22 lakh crore to achieve 1 billion tonnes of coal production by 2023-24

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With an aim to achieve 1 billion tonnes (BT) coal production by the year 2023-24 and make the nation Aatmanirbhar in Coal, national miner Coal India Ltd (CIL) will invest over Rs. 1.22 lakh crore on about 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies, said Union Minister of […]

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Prime Minister Modi urges U.S. companies to invest in India’s agri and energy sectors, says this is the right time

Prime Minister Narendra Modi invited U.S. companies to invest in India’s agriculture and energy sectors among others, saying this was the best time to put money in his country that was a trusted partner of the United States. “Today, there is global optimism towards India. This is because India offers a perfect combination of openness, […]

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