NTPC, India's state-run power utility, and EDF, the French electricity company, have formed an fifty-fifty joint venture to develop, own, and operate clean-energy projects in India. NTPC and EDF Power Solutions India, a wholly owned Indian arm of EDF, signed the venture on September 25. It will pursue pumped-storage projects,...
EQT Group to Invest $50 Billion in India by 2030
" $50 billion. It's a big number," said Jean Eric Salata, chairman of EQT Group, according to The Economic Times. "It's a much bigger number than what I would have told you 24 months ago because of the significant capital intensity of the data center and energy businesses." Salata made...
ASML Begins Operations in India, Backing Tata’s Semiconductor Fab
ASML, the Dutch maker of the machines that print circuits onto silicon wafers, has started operations in India and plans to hire twenty to thirty young engineering graduates to begin with, according to a Press Trust of India report carried by Business Standard. The company is headquartered in Veldhoven, in...
Germany’s TKMS Nears $8 Billion India Submarine Deal
ThyssenKrupp Marine Systems, a naval defense manufacturer headquartered in Kiel, Germany, is close to signing an $8 billion deal to build six next-generation conventional submarines for the Indian Navy under a program known as Project 75I. Jasper Wieck, Germany's Ambassador to India, said the deal is finalized on Germany's side...
Jamieson Greer, USTR, to visit India Next Week
India and the US are taking forward their trade talks with a visit by US Trade Representative Jamieson Greer, scheduled next week to in hopes to finalize an interim trade deal. Greer will travel to New Delhi on June 22 for two days of meetings with India’s Commerce and Industry...
U.S. Secretary of State to Embark on First Official Visit to India
U.S. Secretary of State Marco Rubio will set out on his first official four-day visit to India from May 23 to 26. Upon being confirmed in his role in 2025, Rubio's first meeting included India's Foreign Minister Dr S Jayashankar. It is not typical for a senior American cabinet official...