The Naveen Jindal Group announced the creation of Jindal Nuclear Power Private Limited, a wholly owned subsidiary of Jindal Renewables. The new company will focus on building, owning, and operating nuclear power plants in India. Over the next 20 years, Jindal Nuclear aims to contribute 18 gigawatts (GW) of capacity...
India, France, Partner on Small Modular Nuclear Reactors
India and France have announced plans to collaborate on developing small modular nuclear reactors (SMRs) following Prime Minister Narendra Modi's visit to France. This initiative marks a shift in India's nuclear energy policy and international partnerships. During their meeting, Modi and French President Emmanuel Macron emphasized nuclear energy's crucial role...
India Cuts Customs Duties that will Benefit Apple, Harley, Tesla
In the Federal Budget effective April 1, India announced reductions in customs duties on high-end motorcycles, cars, and smartphone parts. This move aims to boost the import of American products, such as Harley-Davidson motorcycles, Tesla electric vehicles, and Apple smartphones. Finance Minister Nirmala Sitharaman stated that the custom duty rationalization...
India Removes “Angel” Tax, Boosts Startups
The Indian government has announced the abolition of the contentious "angel tax" for all investor classes, marking a significant development for Indian startups. Finance Minister Nirmala Sitharaman made this announcement during her annual budget speech, aiming to bolster the Indian startup ecosystem and to support innovation. Industry leaders have welcomed...
India Cuts Import Duty on Mobile Phones
India has announced a reduction in import duty on mobile phones and key components from 20% to 15%, a move that will benefit smartphone manufacturers. This decision, presented by Finance Minister Nirmala Sitharaman in the Fiscal 2025 annual budget, aims to serve consumer interests by lowering taxes on mobile phones,...
India Allows Private Investment in Nuclear Energy
India's nuclear energy sector is set for significant changes, as announced in the recent budget speech by the country's Finance Minister Nirmala Sitharaman. Sitharaman said, "Our government will partner with the private sector for setting up Bharat Small Reactors (BSR), research and development of Bharat Small Modular Reactor (BSMR), and...