India and the US have discussed investment opportunities in the countryÂ´s urban development sector in the context of new initiatives like development of smart cities.
Noting that US companies have plenty to offer for India, USAÂ´s Minister Counsellor for commercial affairs, John McCaslin, said that a core group of 30 US companies have expertise in IT-enabled services and data analytics, which are crucial elements for developing smart cities.
Global coal prices and demand have fallen, as coal is being replaced by other sources of energy. It is replaced by shale gas in the US and is likely to lose out to renewable energy in China. In India, the new government is keen to accelerate mining to unlock indigenous coal reserves of 200 billion metric tonnes.
Within one year, the Union government has a target to set up 10 new software technology parks in the country. The government is also planning to provide marketing support to the companies housed in these tech parks by setting up a dedicated office in the US.
Cairn India has been ranked as the fastest growing energy company in the world while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
In the US, the Bollinger Shipyards of Lockport has a $250.7 million contract for six more fast response cutters for the Coast Guard. The Coast Guard said in a news release on September 24 that it had ordered the cutters for delivery in 2016. They bring the total number of the boats under contract with Bollinger to 24, and the contract's total value so far to $1.1 billion.