White House factsheet claims big win for US in India trade deal — leaving the $500 billion question unanswered

The TOI correspondent from Washington: A White House fact sheet announcing what it describes as a “historic” trade deal with India contains a headline-grabbing claim but little clarity on its most ambitious number. While the document highlights India’s intention to purchase up to $500 billion worth of US goods, it does not specify any time…

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Hisense opens first India manufacturing plant in Sri City

Hisense opens first India manufacturing plant in Sri City HYDERABAD: Chinese consumer electronics and home appliances giant Hisense has opened its first manufacturing facility in India at Sri City in Andhra Pradesh.The facility, spread over 10 acres, has been set up by Epack Manufacturing Technologies Private Limited (EMTPL), a wholly owned subsidiary of Epack Durable…

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India needs $14.23 trillion investment in power sector by 2070 to meet net-zero goal: Niti Aayog

India will require cumulative investments of $14.23 trillion in the power sector, including renewables, storage and transmission, by 2070 under a net-zero scenario, where non-fossil fuel-based generation accounts for 98 per cent, a Niti Aayog report said on Tuesday.The report, “Scenarios Towards Viksit Bharat and Net Zero: Sectoral Insights – Power”, said India’s development and…

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Reducing China dependence: India eyes critical minerals deals with France, Brazil, Canada, says report

India is in discussions with Brazil, Canada, France and the Netherlands to strike agreements for jointly exploring, extracting, processing and recycling critical minerals, as the country steps up efforts to secure key raw materials for its energy transition.The talks are focused mainly on lithium and rare earth elements, with India also seeking access to advanced…

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