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The Dollar Business Bureau The United States Trade and Development Agency (USTDA) has given a grant to government-owned Indian Oil Corporation (IOC) in order to support their efforts in the modernisation of refinery. “The programme will help IOC analyse options for optimising its refining operations to produce cleaner fuels from its by-product streams, which will help the company improve efficiencies and reduce emissions at its refineries to meet Indian environmental standards,” USTDA said in a statement. However, the USTDA did not provide details on the financial commitment made. The signatory to pact was Sanjiv Singh, Director (Refineries), IOC and from the US side, John McCaslin, Minister Counselor for Commercial Affairs at Embassy of the US in New Delhi. Commenting on the agreement, Henry Steingass, Regional Director ...

The Dollar Business Bureau A delegation headed by the Leocadia I Zak, Director of US Trade and Development Agency (USTDA) on Wednesday met M Venkaiah Naidu, Union Minister for Urban Development, Housing and Urban Poverty Alleviation and discussed about the smart cities mission, for which MoUs have been signed. “The discussion was centred on the three smart cities – Visakhapatnam, Ajmer and Allahabad – for which Memorandums of Understanding MoUs has been signed between the respective state governments and USTDA,” according to an official release. Naidu said that the process of selecting the smart cities (a competition between cities to be included in the mission) is very transparent, scientific and participative, and is serving as a ‘role model’ for several ...

The Dollar Business Bureau Union Minister for Urban Development M Venkaiah Naidu has strongly pitched for US investments in India in urban sector during his recent visit to the US. He held a series of meetings and interactions in New York on Thursday. He explained to the US policy makers, officials and corporates about the opportunities under various initiatives of the government, Ministry of Urban Development said in a statement on Friday. Naidu has provided the details of the urban renaissance process that is set in motion in the country with the introduction of several new urban missions that include Smart City Mission, Swachh Bharat Mission, Pradhan Mantri Awas Yojana and Atal Mission for Rejuvenation and Urban Transformation. He described the paradigm ...

The Dollar Business Bureau    An American trade delegation, led by the US Deputy Secretary of Commerce Bruce Andrews, will visit India next month with an aim to enhance bilateral engagements in the country’s technology, services, transportation and power sectors. “The trade mission will help US companies launch or increase their business in India, focusing on technologies, systems and services in the safety and security, intelligent transportation, water, wastewater, and power sectors,” US Department of Commerce said in a statement. The delegates from 18 major companies, accompanied by the US Trade and Development Agency (USTDA) Director Lee Zak and Vice President of Global Business Development at the Export-Import Bank Ray Ellis, will participate in the Smart Cities Infrastructure Business Development Mission ...

 The Dollar Business Bureau Under the Government of India (GoI)’s ‘Smart City’ initiative, a Memorandum of Understanding has been signed between Hitachi India Limited, Siemens Ltd and the Confederation of Indian Industry (CII), on Tuesday. The MoU aimed at forming a working group in order to create pilot projects and further replicate them throughout the country for setting up 100 smart cities. Speaking at the meet, Amitabh Kant, Secretary, Department of Industrial Policy & Promotion, GoI, opined that there are various challenges to develop urbanization in an innovative and systemic manner. While the cities occupy only 3% of the world’s geographical area, their contribution lies at around 80% of Gross Domestic Product (GDP) and two-thirds of global emissions, the Secretary ...

The Dollar Business Bureau The Union Minister of Urban Development, M Venkaiah Naidu on Wednesday has set up city-wise Task Forces for drawing action plans, as a part of the Government of India’s (GoI) Smart City initiative, towards the development of three Indian cities- Ajmer, Allahabad and Visakhapatnam. Setting up of these task forces by the government comes as a follow up to the meeting that was held between the Union Urban Minister and the US Secretary of Commerce Penny Pritzker in New Delhi recently. This move by the Union Urban Ministry gains importance in view of the agreement that was made between the respective state governments and the United States Trade Development Agency (USTDA) towards development of Ajmer, ...