TCCL and IREDA sign pact for RE projects
Tata Cleantech Capital(TCCL) and Indian Renewable Energy Development Agency (IREDA), have come into an agreement where they would collectively develop a financial mechanism innovative. Through this innovative they are aiming at customers and new projects in the renewable energy space. With regard to the agreement, KS Popli, CMD, IREDA said, “The arrangement will help TCCL (Tata Cleantech Capital) syndicate to down sell transactions co-underwritten and co- financed with IREDA, while we will be able to churn our portfolio and reach the objective of a development institution by extending loans to newer projects and newer customers.” He also added that this memorandum of understanding will help distribute risk, leverage the underwriting capacities, and share opportunities. Another point to be noted is that both ...
Australia willing to support India with Coal supplies
The Dollar Business Bureau India and Australia discussed various issues related to the strengthening of the bilateral ties which include the ways for setting up of Bilateral Investment and Trade (BIT) Agreement and Foreign Trade Agreement (FTA) among others. As a part of her four-day visit to India, Julie Bishop, Australian Foreign Minister, on Monday, met the Indian Finance Minister, Arun Jaitley. In the meeting, both the sides discussed issues regarding BIT, India’s measures to attract foreign direct investments (FDI) in the recent months, issues on various reforms like opening up of insurance sector, among others. The Union Finance Minister briefed the Australian Minister with the steps being taken by the Government of India towards providing an ‘ease of ...
