Search Result for : Cabinet Committee Of Economic Affairs

The Dollar Business Bureau On Wednesday, the Cabinet Committee on Economic Affairs approved a foreign investment proposal of Rs 9000 crore, put forward by Twin Star Technologies. The FDI proposal is expected to generate employment opportunities for 30,000 people in India.  According to the proposal, the Mauritius based company will invest the said amount in India on or before March 2025. The investment route will comprise a mix of equity, compulsorily convertible preference shares, compulsorily convertible debentures, and other FDI compliant instruments.  The proceeds of the investment will flow towards operations of Twin Star Technologies in India – a venture led by business magnate Anil Agarwal who is also the founder and Chairman of Vedanta Resources Plc. Vedanta’s business interests in India include ...

Government of Indias move to supply gas at uniform delivered price to all fertilizer plants, will lead to an additional production of around 37.13 Lakh MT of urea in existing fertilizer units over the next four years, says the Department of Fertilizers. The Dollar Business Bureau The Indian Cabinet Committee of Economic Affairs (CCEA), on Tuesday, approved a policy to stabilise the prices of natural gas and imported Liquefied Natural Gas (LNG) used by the domestic fertilizer plants. Under this policy, the government intends to supply gas at uniform delivered price to the fertilizer plants on the gas grid, for the production of urea under a pooling mechanism. It is expected that the cost of urea production at pooled price would be less than ...