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India Good News

 

Tata Power, Rockefeller Foundation Plan 10,000 Microgrids Across Rural India.  Tata Power in collaboration with the Rockefeller Foundation, plans to develop 10,000 microgrids through 2026 to provide access to affordable and clean electricity for 5m homes in rural India.

04 November 2019

 

Government Signals Next Set of Reforms to Target Realty Sector.  The government’s next round of reforms is likely to be focused on reversing the slowdown in the real estate sector, as part of the government’s broader plan to kick-start economic growth.

05 November 2019

 

AIIB Approves Investing US$500m to Mumbai Suburban Railways.  AIIB approved an investment of US$500m to expand Mumbai’s suburban railway network, which totals c.400 km and carries over 7.5m passengers a day, taking its total commitment in India to c.US$3bn.

15 November 2019

 

India Plans Incentives to Bring in Foreign Manufacturers.  The Indian government will create a land bank for ready-to-move-in industrial clusters, offer investment, location-based incentives and rationalize anti-dumping duties to incentivize 324 large global companies to set up factories in a bid to capitalize on the trade war between China and the US.

20 November 2019

 

Government to Set Up Unified Regulator for International Financial Services Centres (IFSC). Recognising the dynamic nature of business in the IFSCs necessitates a high degree of inter-regulatory coordination, the government will set up unified financial regulator to provide focused and dedicated regulatory interventions to financial market participants.

21 November 2019

 

India to Sign Logistics Pacts with Japan and Australia.  India is expected to sign logistics services agreements with Japan and Australia for expanding maritime security partnership in the Indo-Pacific region.

28 November 2019