Saudi Arabia has given licence to 30 Indian companies in the first quarter of the total 267 foreign investors, according to Saud Al-Sati, Ambassador, Royal embassy of Saudi Arabia in India.
India and Saudi Arabia on Tuesday signed 12 MoUs and agreements in key sectors including defence industries collaboration, renewable energy, security cooperation and civil aviation.
India must focus on carbon-taxing as a key policy instrument for its carbon mitigation strategy and meeting the committed climate goals, according to researchers. Carbon taxes aim to induce decision-makers to introduce changes in emissions by putting a price on carbon.
Power and new and renewable energy minister Raj Kumar Singh on Tuesday said state electricity distribution companies (discoms) remain a challenge even as the National Democratic Alliance (NDA) government is working on a new scheme to further reduce losses.
The national highways authority of India (NHAI) will be able to earn Rs. one lakh crores in revenue from toll and wayside amenities over the next five years, Union Minister of Road Transport and highways Nitin Gadkari said on Monday.
France’s oil and gas firm, Total, and energy group, EDF, plan to develop one gigawatt (GW) of renewable energy projects in India through their joint subsidiary Eden Renewables India, according to Patrick Pouyanne, chief executive officer of Total.
Mongolia on Tuesday appreciated India for extending a line of credit to support its oil refinery project. This comes at a time when Union Minister Dharmendra Pradhan is on a two-day-visit to the East-Asian nation
India seeks to be a leader in the Climate Change Action, as manifested by its initiatives towards reducing fossil fuel dependency and emissions, External Affairs Minister S Jaishankar said here on Monday, adding that New Delhi would not limit these efforts to its own soil only.
Sanction-hit Iran’s fear of losing market share to other members of the Organization of Petroleum Exporting Countries (OPEC) seems to be coming true with one of its biggest buyers – India – gradually turning towards Iraq, Saudi Arabia and Nigeria to meet oil requirements.
The government’s move to open up the coal sector allowing 100 per cent Foreign Direct Investment (FDI) in coal mining may boost cash flow into unexplored blocks and companies like BHP and Anglo American could boost their presence in India even as investors study the finer details to get clarity