US to invest over $15 million in India's health infrastructure
ECONOMY & POLICY

US to invest over $15 million in India's health infrastructure

The United States federal government agency is set to invest over $15 million in India's health infrastructure, as part of the Partnership for Global Infrastructure and Investment (PGII), the White House has reportedly said. Through $15 million, the International Development Finance Corpo...

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The United States federal government agency is set to invest over $15 million in India's health infrastructure, as part of the Partnership for Global Infrastructure and Investment (PGII), the White House has reportedly said. Through $15 million, the International Development Finance Corporation (DFC) will support the expansion of a chain of eye clinics for conducting corrective surgery for underserved individuals and an India-based social enterprise that manufactures affordable women's hygiene products. The DFC will invest over $15 million in India's health infrastructure, including support for the expansion of a chain of eye clinics for conducting corrective surgery for underserved individuals and an India-based social enterprise that manufactures safe and affordable women's hygiene products for underserved women in non-metro areas, the White House said in its fact sheet. At the 2022 G20 Summit in Bali, Indonesia, President Biden, Indonesian President Widodo, and European Commission President Von der Leyen co-hosted a group of G20 leaders to demonstrate their shared commitment to deepen engagement under the Partnership for Global Infrastructure and Investment (PGII) to accelerate investment in quality infrastructure in low- and middle-income countries around the world and strengthen the global economy, it added.

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Infrastructure Energy

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

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Infrastructure Urban

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

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Infrastructure Energy

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..

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