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India allows four Chinese-linked power equipment firms to bid for government projects
India has opened the door for four Chinese power equipment manufacturers with local factories to bid on crucial government power projects. This exemption, valid for two years, aims to bolster the nation's expanding transmission network and renewable energy goals. The move follows a January request from the power ministry and comes amid easing border tensions, though it's not set as a precedent for other firms.
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economictimes.indiatimes.com
India allows four Chinese-linked power equipment firms to bid for government projects
India has opened the door for four Chinese power equipment manufacturers with local factories to bid on crucial government power projects. This exemption, valid for two years,…
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Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at…
