Citigroup Predicts $100 Billion in Foreign Investment for India

23 Jul 2024 CW Team

Citigroup has projected that India is set to attract $100 billion in foreign investment, driven by its growing renewable energy sector. The investment surge is expected as India enhances its infrastructure and policy framework to support clean energy initiatives.

According to Citigroup, India's ambitious renewable energy targets, including achieving 500 GW by 2030, make it a prime destination for investors. The country?s strategic focus on solar and wind energy, combined with supportive government policies, creates an attractive environment for global investors.

India's renewable energy market is expanding rapidly, with significant advancements in solar and wind power capacity. This growth is bolstered by initiatives such as the Production-Linked Incentive (PLI) scheme, designed to boost domestic manufacturing and attract foreign capital.

Citigroup highlights that India's stable economic outlook and commitment to reducing carbon emissions further enhance its investment appeal. The transition to sustainable energy sources is aligned with global efforts to combat climate change and presents lucrative opportunities for international stakeholders.

The influx of foreign investment is expected to drive job creation, technological innovation, and economic development across the country. It will also play a crucial role in India?s journey towards energy independence and sustainability.

As India positions itself as a leader in the global renewable energy landscape, the anticipated investments will contribute significantly to its green energy ambitions. Citigroup's optimistic outlook underscores the potential for India to become a major hub for renewable energy investments, fostering a cleaner and more resilient energy future.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..