Saturday, Jun 6 2020 | Time 17:51 Hrs(IST)
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Business Economy


Pradhan invites US businesses to deploy tech, investment to India

Pradhan invites US businesses to deploy tech, investment to India

New Delhi, Oct 21 (UNI) Petroleum and Natural Gas Minister Dharmendra Pradhan said on Monday India is the hotspot in energy investment destination in the world and invited all energy players to bring their technology and investment here.

'Today, India is the hotspot in energy investment destination in the world. Policy reforms introduced by the Government under leadership of Prime Minister Narendra Modi have further simplified doing business in India. I invite all energy players to bring their technology and investment here and become a part of India's growth story,' Mr Pradhan said at the 2nd Annual India Leadership Summit of the US-India Strategic Partnership Forum here.

Sharing his views on 'India’s Role in Geo-politics of Energy', in a conversation with Former Ambassador of US to India Tim Roemer, Mr Pradhan said the country has moved to open, transparent, process-driven policy atmosphere, and all are welcome to invest.

The investing Companies must bring technology, capital and good business models to India, he maintained.

Speaking about India’s efforts towards decarbonisation, he said, 'Under the leadership of Prime Minister Modi, India is expanding its footprints in carbon-free energy, including renewables and bio-energy. Technology and innovation can become game changers for India's quest for decarbonising and developing into a gas-based economy for a cleaner & sustainable energy future.'

He said that India had set an ambitious target of producing 175 GW energy through renewable energy sources which has been further enhanced to 450 GW.

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Retail credit expected to increase fast once economy normalises : Maheshwari

06 Jun 2020 | 5:43 PM

Kolkata, Jun 06 (UNI) Retail credit is expected to increase fast once economy normalises, opines Anup Maheshwari, Chief Investment Officer & Joint CEO, IIFL AMC Ltd, today.

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Canara Bank slashes interest rate on loans, advances

06 Jun 2020 | 5:37 PM

Bengaluru, Jun 6 (UNI) Canara Bank on Saturday reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on loans and advances with effect from Sunday.

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Mah CM inaugurates colliery near Nagpur via video conferencing

06 Jun 2020 | 5:12 PM

Nagpur, Jun 6 (UNI) Maharashtra Chief Minister Uddhav Thackeray on Saturday inaugurated the Western Coalfields' (WCL) Adasa coal mine near Nagpur through video conferencing.

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Bullion Market closing rates

06 Jun 2020 | 4:52 PM

Chennai, June 6(UNI) Following is the bullion markets
closing rate here today.

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Coal India Arm Western Coalfields opens 3 new coal mines

Coal India Arm Western Coalfields opens 3 new coal mines

06 Jun 2020 | 4:21 PM

New Delhi, Jun 6 (UNI) Coal India Subsidiary Western Coalfields Ltd (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh on Saturday having combined annual production capacity of 2.9 million tonnes.

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