India's government plans to draw 40% of the country's energy from renewables by 2030, and it is because of the government's commitment that India is about to become the biggest market for solar energy, said San Jose, CA-based SunPower CEO Tom Werner. Prime Minister Modi wants to spend $3.1 billion...
India Launches South Asia Satellite GSAT-9
India's Space and Research Organization (ISRO) launched the first South Asia Satellite, on May 5. Speaking on the occasion, Prime Minister Modi said that the satellite will help partner countries in effective communication, better governance, better banking and education in remote areas, more predictable weather forecasting and efficient resource mapping....
Australia Readies Uranium Supply for India
At a joint news conference in New Delhi with visiting Australian Prime Minister Malcolm Turnbull, and Prime Minister Narendra Modi, Turnbull said Australia was looking forward to the first export of Australian uranium to India as soon as possible. "We have worked closely with India to meet our respective requirements...
Modi to Visit USA to Meet President Trump Soon
United States National Security Advisor H. R. McMaster met Prime Minister Narendra Modi in New Delhi in the third week of April setting the stage for a bilateral visit by India's Prime Minister in the next few months, possibly as early as June. Trump and Modi will meet anyway in...
KKR likes India’s new Bankruptcy Code
New York City-based Kohlberg Kravis Roberts, a multinational private equity firm, specializing in leveraged buyouts, proactively engaged with India's Federal government on the new bankruptcy code. The Code seeks to consolidate and amend laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time-bound...
FDI Surges in India
Overseas investors’ holdings of Indian stocks and bonds have picked up, rising more than $8 billion in 2017. "India’s current account deficit is being financed in large part by foreign direct investment inflows," said Shilan Shah, Singapore-based economist at Capital Economics. "This is a positive reflection of Prime Minister Modi’s...