Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
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Since July 21, 2012
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Posts tagged ‘India plans’
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02/04/2015
India says will shake up trade tariffs to compete globally |Reuters
India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies, the government said on Wednesday.
India has not been invited to join pacts such as the U.S.-led 12 country Trans-Pacific Partnership (TPP) and is “not in a position to join,” partly because its tariffs are not competitive, a top official said at the unveiling of a new five year trade policy.
“If the country is to stand up to these agreements, it’s important that we start to address these issues,” Trade Secretary Rajeev Kher said, adding that India’s access to markets was likely to erode when such pacts take effect.
Kher said India needed lower tariffs for intermediate goods to help it further integrate with global supply chains, and that these industries would have to come more competitive. He did not give more details.
Regional trade pacts are being promoted by advanced economies after years of failure to negotiate a global agreement under the World Trade Organisation.
via India says will shake up trade tariffs to compete globally | Reuters.
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Posted in Economics, India alert |1 Comment »
Tags: advanced economies, Association of Southeast Asian Nations, Crikey, India, India plans, Innovation and Skills, Julian Assange, New Zealand, Secretary of State for Business, Secretary Rajeev Kher, Tariff, Trade pact, trade pacts, Trans-Pacific Strategic Economic Partnership, World Trade Organization
06/02/2015
Companies set to back huge India solar expansion |Reuters
India could start installing 20,000 megawatts of solar power capacity as early as April after companies pledged to support the government’s drive for clean energy, an official told Reuters.
Details of the plan, which has drawn commitments from U.S., German and Chinese companies, will be announced on Friday, said Upendra Tripathy, secretary of the Ministry of New and Renewable Energy.
“We have got commitments from very established industry, both foreign and domestic for next year,” he said in an interview at his office.
Foreign companies will be allowed to decide where they manufacture the required equipment, he said.
via Companies set to back huge India solar expansion | Reuters.
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Posted in Economics, India alert, renewable energy, solar power |1 Comment »
Tags: Barack Obama, Canadian Solar, clean energy, India, India plans, Mahindra Group, Ministry of New and Renewable Energy (India), Narendra Modi, Renewable energy, Solar power, SunEdison, Watt
25/11/2014
India to Double Renewables in Energy Mix, Minister Says –Businessweek
India plans to more than double the share of renewables in the mix of fuels it consumes, an effort to reduce the dominance of coal.
Renewables such as solar and wind may account for 15 percent of India’s energy supply in the next five years, up from 6 percent currently, said Piyush Goyal, a government minister in charge of power, said at a conference in New Delhi.
“While coal will continue to dominate our energy mix for sometime, we are taking steps to protect the environment,” Goyal said today. “Neither India nor the world has the luxury of time when it comes to protection of the environment.”
Prime Minister Narendra Modi wants to speed up clean energy deployment in India as it tries to attract more than $100 billion of investment for the industry in the next four years. At present, coal generates 60 percent electricity in a nation that suffers from chronic blackouts.
The minister reiterated his previously stated view that renewables can’t count on government subsidies for too long. He said the industry should focus on convincing banks to make funding for projects as easily available as loans for cars.
Modi’s administration reintroduced a tax break for the wind industry earlier this year. Goyal said he hopes those will help turbine installers add 8 gigawatts of capacity every year, a level that would make India one of the biggest wind markets in the world.
India plans to require power purchasers and generators to include renewable energy in their suppliers and will penalize those that don’t, he said.
India will host a renewables conference from Feb. 15 to Feb. 17 to encourage growth in the industry.
via India to Double Renewables in Energy Mix, Minister Says – Businessweek.
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Posted in Economics, energy, India alert, renewable energy |Leave a Comment »
Tags: Coal, Government of India, India, India plans, Investment, Jawaharlal Nehru National Solar Mission, New Delhi, Offshore wind power, Piyush Goyal, Renewable energy, Solar power, World Economic Forum
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