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Odisha approves Rs 447.93 billion investments

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The Odisha government has approved five industrial projects worth Rs 447.93 billion. This includes: Indian Strategic Petroleum Reserves Limited (Rs 87.43 billion) Project: Crude Oil Storage facilities Jobs: 5,130 Location: Jajpur Inox Solar Limited (Rs 40 billion) Project: Manufacturing facility of solar modules & photovoltaic cells Jobs: 3,400 Location: Dhenkanal ACME Cleantech Solutions Pvt. Ltd. (Rs 40.5 billion) Project: Integrated manufacturing plant for Mushroom Root Fermentative Protein Jobs: 3,475 Location: Cuttack Tata Steel Limited (Rs…

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Fujiyama Power to invest Rs 6.5 billion in solar manufacturing in MP

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Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility.  The Delhi-based company plans to invest Rs 6.5 billion to produce solar panels, lithium-ion batteries, and allied solar products. The facility, set to begin with a production capacity of 2 GW, will cater to residential, commercial, and industrial segments, with exports to over 10 countries.  Chief Minister Dr. Mohan…

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Global shift towards sustainable energy drives $3.1 trillion investment surge

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A new report from the International Solar Alliance (ISA) highlights a global increase in sustainable energy investments, rising from $2.4 trillion in 2018 to an expected $3.1 trillion by 2024, with solar energy dominating green investments.  Solar alone now accounts for 59 per cent of these investments, primarily due to decreasing technology costs and a surge in support from the Asia-Pacific (APAC) region, which has emerged as the leading investor. According to the World Solar…