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Old July 5th, 2017 #1
Sam Disht
Registered User
Join Date: Jul 2017
Posts: 1
Sam Disht
Default After UK-India Energy Growth Partnership, Prashant Modi of GEECL Plans 768 Million Investment on Unconventional Energy Sources

Following the recent energy trade collaboration between the UK and India, Prashant Modi CEO and MD of Great Eastern Energy Corporation Limited (LON:GEEC) said that he is looking forward to investing a whopping 768 million (USD $1 billion) to further tap on the unconventional energy resources of India. This came after the recently held 9th UK-India Economic and Financial Dialogue (EFD) where both the governments decided on a 240 million joint investment to boost India's fast growing energy market as well strengthen the trading relationship between both the nations. These recent developments in the country are further expected to boost Prime Minister Narendra Modi's enterprising energy plans as well as boost bi-lateral ties between both the countries.

Earlier in April, UK's Secretary of State for Business, Energy and Industrial Strategy Greg Clark visited India and discussed new partnership opportunities with Piyush Goyal, minister for Coal and Mines, New & Renewable Energy and Power. Among all the G20 countries, the UK is the largest investor in India and it believes that, Brexit along with the latest political developments taking place in both the nations will further strengthen B2B and G2G activities amongst them.

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geecl, prashant modi, united kingdom


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