Reliance Industries (RIL), India's largest private sector company, is finalising a new alliance with engineering and project management partner Bechtel Corporation, as it prepares to enter the power sector.
In an attempt to restart the controversial Enron promoted Dabhol power project, the power ministry is holding high-level talks with minority partners, GE and Bechtel.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
The Supreme Court on Wednesday put an end to the vexatious litigation between shareholders of Dabhol Power Corporation - GE and Bechtel - and the Maharashtra government following an out-of-court settlement.
The government is expected to hold negotiations with the promoters of Dabhol Power Corporation -- GE and Bechtel -- next week for restarting generation at the power project.
Indian FIs have reached a settlement with the consortium of offshore lenders and Overseas Private Investment Corporation in their bid to restart DPC.
The Supreme Court on Monday sought the response of key shareholders in Dabhol Power Corporation -- subsidiaries of GE and Bechtel -- on restarting the litigation-embroiled plant
The power plant of DPC is likely to remain idle for some more time as the Supreme Court's initiative to restart it met a roadblock with key shareholders of DPC -- subsidiaries of GE and Bechtel -- refusing to submit to the court's jurisdiction.
Propelled to the position of the Secretary of State to "undo" years of American foreign policy "blunders and disasters", ExxonMobil CEO Rex Tillerson now faces the biggest challenge of his life to translate his business acumen to international diplomacy.
The trouble is largest FDI projects in India have had a tragic history.
'This has been an ongoing process,' says Ambassador B S Prakash, India's former consul general in San Francisco, 'but I believe a Modi visit to the West Coast can be a force-multiplier.'
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