Anil Ambani group,SpiceJet sign deals with US firms

On the signing occasion,Obama said the deals barely scratched the potential.

Anil Ambani group firm Reliance Power and low cost airline SpiceJet inked deals worth USD 5 billion with US firms,including GE and Boeing,in the presence of US President Barack Obama.

Chairman ADA group Anil Ambani announced a deal to procure gas turbines for 2,400 megawatt power project from GE and other US firms,totalling an investment of USD 2.2 billion.

The gas turbine for the Rs 10,000 crore expansion of Samalkot power project in Andhra Pradesh would be valued at USD 750 million,the company said later in a statement.

On the signing occasion,Obama said the deals barely scratched the potential and dubbed India as the market of the future where Washington was willing to step up investments,provided uncertainties relating to tariffs and other barriers were addressed.

In Odisha, Modi mounts ‘loot tantra-vs-bachat utsav’ attack on Congress over GST

India1 hr ago

Prime Minister Narendra Modi Saturday hailed the revised Goods and Services Tax (GST) structures, saying the era of “double bachat (saving) and double kamai (income)” has arrived under the Bharatiya Janata Party rule. Addressing the ' Namo Yuva Samabesh' in Jharsuguda, Modi accused the Congress of indulging in “loot tantra (tactics)” while in power.

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