• Adani Group chairman Gautam Adani said his company’s main goal is to become the world’s largest solar power firm by 2025 and the world’s largest renewable power company by 2030.
  • Union commerce and industry minister Piyush Goyal discussed issues relating to bilateral trade and investment with South Korean trade minister Yoo Myung-hi, at WEF 2020.
  • Goyal discussed ways for accelerating investments in Indian Railways. He highlighted the focus on innovation and modernisation in Railways, paving the way for new and higher investment opportunities.
  • He also discussed the various initiatives taken by the Indian Government to enhance Ease of Doing Business.
  • Road Transport and Highways Minister Nitin Gadkari will review 500 road projects worth Rs 3 trillion, with a view to fast-track highway projects.
  • Indian utilities’ coal imports rose to their highest levels since 2015 and reversed a three year slide, mainly due to increased imports by a major plant run by Adani Ltd., as per the Government data. Imports rose 21% in 2019 to 69.51 million tonnes, data from the Central Electricity Authority showed.
  • As part of its asset monetisation plan, the National Highways Authority of India (NHAI) is putting up the fifth bundle of road projects under the toll-operate-transfer (TOT) model in February, as per the sources.
  • The fifth package would consist of three to four road projects valued at around Rs 3,000 crore and will be followed up with small packages of two to three road projects after every two to three months, the source added.
  • India needs a whopping USD 2.64 trillion investment to meet the UN’s sustainable development goals (SDGs), offering the private sector an investment opportunity of over USD 1.12 trillion by 2030, according to a report.
  • According to the Standard Chartered SDG Investment Map, the total investment that the country needs to make by 2030 is a whopping USD 2,633.9 billion. Of the total, USD 1,558.8 billion is for clean energy, USD 505.5 billion for transport infrastructure, USD 377.4 billion for digital access; and USD 192.2 billion for clean water and sanitation.
  • Of the total USD 2.64 trillion of investment needed, the potential investment opportunity for the private sector is a whopping USD 1.12 trillion with USD 701.5 billion going into clean energy, USD 226.5 billion for digital access, USD 176.9 billion in transport infrastructure, and USD 19.2 billion for clean water and sanitation, said the report.