India is reportedly negotiating with the U.S. government's Export-Import Bank for a loan of up to $9 billion in order to help finance a six-unit nuclear unit that involves Westinghouse Electric's AP1000 technology, reports Nuclear Street. However, with the presidential elections ahead, the current situation at the bank is not...
Westinghouse to Build Six Nuclear Power Plants in India
At a meeting at the White House between President Obama and Prime Minister Modi of India it was announced that Pennsylvania-based Westinghouse Electric Corporation and the Nuclear Power Corporation of India Ltd., will begin engineering and site design work immediately for six AP1000 reactors in India which will be operational...
Four U.S. Companies Make Big Moves in India
During Prime Minister Modi’s recent visit to the U.S. to address the joint meeting of members of Congress, several U.S. businesses announced investments into the Indian market, reports Huffington Post. Star India, a subsidiary of 21st Century Fox, announced it will invest an additional $5 billion in the country over...
Obama Pledges $4 Billion at U.S.-India Business Summit
According to reports by DNA, at the Business Summit held in India on the last day of President Obama’s visit, he pledge $4 billion in investments and loans, seeking to release what he called the “untapped potential" of business and strategic partnerships between the two countries. “We want to see...