August 2009
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India to launch green tech venture fund

The government plans to launch a venture fund to promote green technology research. The size of the fund and other specifics will be determined by the National Mission on Strategic Knowledge for Climate Change (NMSKCC). The initiative is separate from a government plan launched in 2007 to subsidize new companies to manufacture photovoltaic cells and panels. NMSKCC, which is in the process of preparing a mission document with milestones for promoting green technologies, said it will identify key institutes that will be designated as centers of excellence in climate research. […]

ICVL may buy stake in US coal producer

International Coal Ventures Pvt. Ltd (ICVL), a company set up by five state-owned firms, is in talks with a leading coking coal producer in the US for acquiring a stake in the company as a precursor to accessing mining concessions in that country. ICVL, owned by NTPC Ltd, Steel Authority of India Ltd(SAIL), Coal India Ltd (CIL), Rashtriya Ispat Nigam Ltd(RINL) and NMDC Ltd, is being advised on the transaction, code-named “Project Roy”, by Giuliani Partners Llc, a management consulting business founded by former New York City mayor Rudolph Giuliani. […]