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Scouting for allies before debut, Amazon pledged minimum returns


Scouting for allies before debut, Amazon pledged minimum returns
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In 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named Red , to a few select potential local partners for a retailing venture.
Reuters
In 2010, Amazon was scouting for a reliable Indian partner as the country’s foreign direct investment laws forbade global companies from stocking and selling their own wares on technological platforms that they could fully own and operate.
In 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named Red , to a few select potential local partners for a retailing venture. The investment proposal offered a minimum return on investments at a pre-determined internal rate of return (IRR), including through a contingent three years put option on the Seattle-based company. Al ....

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Cabinet approves the Investment Proposal of Rs. 5281.94 crore for 850 MW Ratle Hydro Power Project


Cabinet approves the Investment Proposal of Rs. 5281.94 crore for 850 MW Ratle Hydro Power Project
Posted On:
2021-01-21 03:56:49
(Time Zone: Arizona, USA)
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi. has given its approval for the investment of Rs.5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab, in Kishtwar district of Union Territory of Jammu and Kashmir, by a new Joint Venture Company (JVC) to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51 % and 49% respectively.
Salient Features
Government of India is also supporting the Union Territory of Jammu and Kashmir by providing grant of Rs. 776.44 crore for Equity contribution of JKSPDC in the JVC to be set up for construction of Ratle HE Project (850 MW). NHPC shall invest its equity Rs.808.14 crore from its internal resourc ....

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