Search Result for : Renewable Energy

The Dollar Business Bureau India has signed an agreement with Germany on technical cooperation to enhance parameters for renewable energies’ grid integration, said Power Minister Piyush Goyal on Monday. The pact was signed by Ministry of New and Renewable Energy (MNRE) of India and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of Germany, under the “Indo-German Energy Programme - Green Energy Corridors (IGEN-GEC)” in New Delhi. This association between MNRE and GIZ will result in better market mechanisms and rules and also help in training manpower in India to ensure stability of grid and to enhance integration of renewable energies in the country, said Goyal. “It will lead to a safer grid, a more secured grid, a grid which can also take care of ...

The Dollar Business Bureau Various steps have been taken by Government to enhance trade and commercial relations with African countries, the minister for Commerce and Industries told the Upper House. Replying to a question in the Upper House, Nirmala Sitharaman said bilateral trade between India and African countries are reviewed regularly, including through bilateral mechanisms like of Joint Trade Committee Meetings and Joint Commission Meetings. The 4th India-Africa Trade Ministers’ Meeting was organized in New Delhi on October 23, 2015. Negotiations to enter into Free Trade Agreement with the Common Market for Eastern and Southern Africa (COMESA), a Regional Economic Community in Africa, Preferential Trade Agreement with the South African Customs Union (SACU) and a Comprehensive Economic Co-operation Partnership Agreement (CECPA) with Mauritius ...

By Abin Daya The power sector in India is one which has been classified as a ‘negative’ industry by a number of lenders due to the woes surrounding ailing thermal power producers. However, the renewable energy segment was always looked upon favourably due to the phenomenal growth exhibited in the past few years. This segment too might be going through a period of change as we see in this week’s update. While wind energy might be looking at a period of slow growth, changes in duty structures are what the solar power generators might have to encounter. On the infrastructure side, some good news for developers who have been trying to avail financing for projects under the Hybrid Annuity Model. While lenders ...

The Dollar Business Bureau Mineral exploration in the country is presently constrained due to lack of participation from the private sector, said Power, Coal, New & Renewable Energy and Mines Piyush Goyal, and suggested a public private partnership (PPP) model to provide a fillip to the mineral exploration activity. “The time is ripe to reflect on where we had gone wrong”, the Minister said while addressing a conference on ‘Indian Mining Industry 2030 - Way Forward’, organised jointly by FICCI and Ministry of Mines on Tuesday. He suggested setting up of a committee that consists of young mining aspirants for developing a position paper to expedite exploration activities. “This committee should look at innovative ways to bring down the time of actual operation of mine after it ...

The Dollar Business Bureau  After completing his engagements in Germany, Prime Minister Narendra Modi arrived in Madrid, the capital of Spain, on the second leg of his four-nation, 6-day tour focussed at enhancing bilateral economic cooperation with these four nations and to invite more investments into India.  “Landed in Spain, marking the start of a very important visit aimed at improving economic and cultural relations with Spain,” Modi tweeted just after landing in Spain.  Modi will be the first Indian Prime Minister to visit Spain in around 30 years. The last one was in 1988 by the then Prime Minister Rajiv Gandhi. “Hola Espana! Prime Minister Modi arrives in Madrid, first visit by an Indian Prime Minister in nearly three decades, is received by ...

The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday.  In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...

The Dollar Business Bureau  To catch up rapidly in development, India is “thinking big and moving big” as the country lags behind its neighbour China, by providing huge opportunities to a nation like the US, a University of Maryland Professor told the American lawmakers.  “India is moving quite quickly in a number of areas as well, again, on renewable energy, which is a kind of golden thread running through this hearing. India is thinking big and moving big,” said Robert Orr, Professor and Dean, University of Maryland, School of Public Policy, at a Congressional hearing.  Replying to a question, he said that India has big goals on wind and solar. The country is not only meeting them but also surpassing them. These areas ...

Sourced from Press Information Bureau The Eighteenth Session of India-Sweden Joint Commission for Economic, Industrial and Scientific Cooperation (JCEC) was held in New Delhi on May 17, 2017.  The Indian delegation led by Nirmala Sitharaman, and the Swedish delegation led by Ann Linde, Minister for Trade and EU Affairs, Ministry for Foreign Affairs, expressed their satisfaction that considerable substance and contents had been added to bilateral relations during the last 2 years and reiterated their mutual desire and commitment to further strengthen the existing trade and investment relations and all-round bilateral cooperation.  The deliberations at the JCEC meeting provided an excellent opportunity to review the current state of ongoing cooperation in diverse fields such as Trade and Investment, Sustainable Urban development, Micro Small ...