US is pursuing local content requirements as part of support mechanisms for clean technologies, while EU has set a political target of 40% local production by 2030.
Foreign investments are key to India meeting its goal of nearly doubling renewable energy capacity by 2022 and raising it five-fold to 450 gigawatts over the next decade.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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