India is pursuing a new strategy to significantly boost its nuclear power generation capacity by inviting major private companies to invest up to $26 billion in the nuclear energy sector, according to Reuters. "This marks the first time the government is seeking private investment in nuclear power, a non-carbon emitting...
Vedanta and Foxconn Partner to Manufacture Chips in India
Mumbai-based mining company Vedanta Ltd., and Taiwan's Foxconn signed an agreement with the government of India's western state of Gujarat to set up a $20 billion semiconductor project. Foxconn already has significant operations in India, including the assembly of Apple iPhones. Vedanta obtained financial and non-financial subsidies including on capital...