Latest news with #Memorandums
Time of India
4 days ago
- Business
- Time of India
India set to attract over ₹8,000 crore investment in energy storage, EV, green hydrogen at IESW 2025
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manufacturing hub for advanced clean energy technologies. Delegations from countries such as Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to participate. " India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments, and we believe that this 11th edition of IESW will serve as a crucial milestone, significantly transforming the landscape of the country's energy storage, electric vehicle, and green hydrogen industries," said Vinayak Walimbe, Managing Director of Customized Energy Solutions. The event, hosted at the Yashobhoomi Convention and Expo Centre, will feature participation from more than 1,000 companies and over 150 key partners and exhibitors. Gujarat, Odisha, Telangana, and Chhattisgarh are on board as state partners, with support from various Union Ministries. As per government data released in 2023, more than 6,600 cleantech startups are currently operating in 450 districts across 34 states and Union Territories. IESA has projected that Indian battery and mobility startups are likely to attract investments worth USD 500 million within a year. "IESW 2025 is not just an event; it is a pivotal moment for the energy storage sector in India. We have a dedicated day each for stationary storage, green hydrogen, e-mobility and manufacturing in the same. This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," said Debmalya Sen, President of IESA. The conference will serve as a launchpad for factory and gigafactory announcements, showcasing advancements in battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and thermal storage systems. The event aims to enhance domestic manufacturing capabilities and establish a secure supply chain across energy storage and clean technology sectors.
Time of India
4 days ago
- Business
- Time of India
India set to attract over ₹8,000 crore investment in energy storage, EV, green hydrogen at IESW 2025
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manufacturing hub for advanced clean energy technologies. Delegations from countries such as Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to participate. " India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments, and we believe that this 11th edition of IESW will serve as a crucial milestone, significantly transforming the landscape of the country's energy storage, electric vehicle, and green hydrogen industries," said Vinayak Walimbe, Managing Director of Customized Energy Solutions. The event, hosted at the Yashobhoomi Convention and Expo Centre, will feature participation from more than 1,000 companies and over 150 key partners and exhibitors. Gujarat, Odisha, Telangana, and Chhattisgarh are on board as state partners, with support from various Union Ministries. As per government data released in 2023, more than 6,600 cleantech startups are currently operating in 450 districts across 34 states and Union Territories. IESA has projected that Indian battery and mobility startups are likely to attract investments worth USD 500 million within a year. "IESW 2025 is not just an event; it is a pivotal moment for the energy storage sector in India. We have a dedicated day each for stationary storage, green hydrogen, e-mobility and manufacturing in the same. This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," said Debmalya Sen, President of IESA. The conference will serve as a launchpad for factory and gigafactory announcements, showcasing advancements in battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and thermal storage systems. The event aims to enhance domestic manufacturing capabilities and establish a secure supply chain across energy storage and clean technology sectors.
The Hindu
02-06-2025
- Business
- The Hindu
Hidkal Dam water is being sought for upcoming beverages industries in Dharwad, says Minister
Amid opposition to drawing water from Hidkal Dam, Minister for Large and Medium Industries and Infrastructure Development M.B. Patil on Monday clarified that drawing water from the dam is proposed to support upcoming beverages industries at the Belur Industrial Area in Dharwad. Speaking to presspersons in Dharwad on Monday, Mr. Patil said that of the total storage capacity of 51 tmcft of water at the dam, 4 tmcft of water has been earmarked for industrial use. 'Out of this, only 0.5 tmcft has been requested to meet the water requirement of beverages companies that signed Memorandums of Understanding (MoUs) during the Global Investors Meet (GIM),' he said. Mr. Patil mentioned that among the key investors, Ceylon Beverages, owned by Sri Lankan cricket legend Muttiah Muralitharan, has already commenced construction of its plant in Dharwad and Campa, owned by Reliance Jio, has also proposed to set up a beverages manufacturing unit in the region. As water is a crucial requirement for the beverages industries and as Dharwad did not have a major river, the proposal to draw water from Hidkal Dam has been considered a practical solution, he said. The Minister expressed the confidence that residents of Belagavi district will understand the importance of industrial development in the region and will not oppose it.
Express Tribune
26-02-2025
- Business
- Express Tribune
Abu Dhabi crown prince arrives today
At the invitation of Prime Minister Shehbaz Sharif, Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, on Thursday will arrive here on his first official visit to Pakistan. "He will be accompanied by a high-level delegation, including Ministers and senior officials, as well as prominent business leaders. This visit underscores the deep-rooted fraternal ties between Pakistan and the United Arab Emirates (UAE) and reflects the shared commitment to further strengthen bilateral economic partnership," Foreign Office spokesperson said in a statement on Wednesday. During the visit, the crown prince will engage in wide-ranging interactions with the leadership of Pakistan, to exchange views on matters of mutual interest, reinforce historical bonds and promote economic as well as investment cooperation. Several agreements and Memorandums of Understandings will be signed during the visit to bolster existing robust framework for long-term collaboration in multifaceted sectors.
