When traditional power generation companies start talking retail solar power, it’s time to sit up and take note.
Like in other countries, the outbreak of COVID- 19 and the subsequent lockdown threatens to disrupt India’s steel production.
What’s more, there are reports coming in now that Indian steel companies will face even more competition from rivals in China in this state of crisis, adding to the woes of the former.
Aluminum is suddenly the new buzzword in India.
In the last 2-3 months, there has been a lot of activity in the Indian aluminum sector, much of it propelled by India’s ongoing quest for clean and green tech.
For starters, news has just broken that the Indian Railways, one of the world’s largest rail networks, is looking to manufacture India’s first aluminum body train coaches.
The Railway Board has approved the manufacturing of 500 aluminum body coaches in India.
Experts in India are of the opinion that the outbreak of the novel coronavirus, COVID-19, presents an opportunity for India to become an alternate supply chain to China in metals, especially steel.
TV Narendran, Tata Steel’s chief executive and managing director, is one of the people who believes just that.
While addressing a meeting of business representatives recently, he said the de-risking of supply chains originating from China, which had started following heightened concerns of a U.S.-China trade war, was likely to be accelerated on the back of concerns over the recent outbreak.
U.S. President Donald Trump’s first official visit to India was labeled a “strategic success” but left little tangibles on the trade table at the end of it all.
After his 36-hour trip, the U.S. and India signed a deal worth U.S. $3 billion for military equipment, including Apache and MH-60R helicopters.
There were two major developments in the Indian steel sector this week.
Indian-born British businessman Sanjeev Gupta’s GFG Alliance made its first foray into the Indian market. It completed the strategic acquisition of two mills, Adhunik Metaliks Ltd and Zion Steel, in an approximately U.S. $60 million (Rs 425 crore) cash deal.
India’s automobile sector is at a crossroads.
The country has embarked on a clean energy drive following its commitment to the Paris agreement in 2015 and has now dedicated itself to reduce its emissions by 2030.
Reduction of vehicular emissions is part of this program. So, even though the sale of automobiles in the last year or so has been dismal, hopes are pinned on a push for electric vehicles (EVs).
India’s union budget is an annual exercise, one that industry and commerce always look forward to for direction and signals of growth.
India’s metals sector, especially steel, had expectations from this year’s budget and seems to not be disappointed with the final document.
2020 may turn out to be a watershed year in Indo-U.S. relations.
Several announcements and developments on the bilateral trade front, plus a proposed visit by U.S. President Donald Trump in February, seem to indicate that might be the case.
The two countries have agreed to resolve amicably a dispute over American import duties on certain Indian steel products, Bloomberg reported. In this case, India’s claim was that the U.S. had not fully complied with previous World Trade Organization (WTO) rulings.
The Indian solar energy story marked a new milestone after India topped the Asia Pacific Region (APAC) for solar photovoltaic (PV) tenders in December 2019.
According to analytics company GlobalData, with 49% tenders announced and a 75.4% share, India was No. 1 among all other countries in the region, followed by the Philippines (with six tenders and a 9.2% share) and Pakistan (with five tenders and a 7.7% share), according to a Saur Energy International report.