R Gandhinagar, 16 September Leading renewable energy (RE) project developers, manufacturing companies, banks, and financial institutions committed close to $386 billion or around â¹32.45 trillion to the development of RE projects by 2030.
This commitment was made at the inaugural ceremony of the 4th RE-Invest Summit hosted by the Ministry of New and Renewable Energy (MNRE) and Confederation of Indian Industry (CII).
Public sector and private project developers have committed to building close to 570 gigawatt (Gw) of RE capacity.
Union minister of MNRE Pralhad Joshi said while India aims to build 500 Gw of renewable energy by 2030, the ministry has received commitments worth 570 Gw from the solar power industry.
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Global PE firms turn to India for Asia leadership
This comes amid slowdown in deal-making in China
GLOBAL INVESTOR CONSORTIUM LINES UP â¹2,100 CRORE INVESTMENT FOR SP GROUP
Engineering and construction major Shapoorji Pallonji group is gearing up to receive investments of over â¹2,100 crore from a consortium of global investors led by Deutsche Bank, according to sources.
Binance detaches self from liabilities after WazirX hack
Global cryptocurrency giant Binance has asserted that it never owned or controlled WazirX before or after the embattled Indian exchange was hacked in July that led to a security breach of more than $230 million.
Indian carriers soar on int'l routes but foreign rivals lead
Indian airlines are ramping up their international presence by adding more direct flights.
SC dismisses curative pleas by telcos against AGR dues
The Supreme Court has rejected curative petitions seeking a review of its 2019 judgment on adjusted gross revenues (AGR) payable by telecom firms.
Strong hybrid car sales take off in UP after tax waiver
Monthly sales of strong hybrid cars in Uttar Pradesh have more than doubled following the state government's decision to scrap the registration tax on such vehicles from July 5.
In export push, govt steps in to raise container capacity
Commerce Minister Piyush Goyal announces purchase of second-hand vessels
Govt asks EY India to explain position on CA's death
The Union labour ministry has asked EY India's management to appear before it and explain its position regarding the death of its 26-year-old employee, Anna Sebastian Perayil, a senior labour ministry official said.
Samsung India sues union over disruption
Electronics' India unit has sued members of a labour union that has led a strike for 11 days at its only Indian home appliances plant in Tamil Nadu, escalating tensions with its workers, legal papers show.
'Australia seemed like a natural-growth area for us'
RPSG group-owned business process management (BPM) firm Firstsource has announced its expansion into Australia and New Zealand. SANJIV GOENKA, chairman, RPSG, in an interview tells Ashutosh Mishra in New Delhi that this will open up avenues for the company and create jobs locally. He gives insights into the plans to increase margins for Firstsource in the next 30 months through organic and inorganic growth. Edited excerpts:
