Fred P. Hochberg, chairman of the U.S. Export-Import Bank signed a memorandum of understanding with Chairman K.S. Popli of the Indian Renewable Energy Development Agency (IREDA) to explore options for utilizing up to $1bn to finance the sale of U.S. clean energy exports to India.
Analyst Insight: The issue of foreign direct investment (FDI) in Indian retail has been in the headline news over the past few years. However, little media attention has been paid to the supply chain aspects of foreign retailers setting up shop in the country. The entrance of new foreign retailers into India will have a positive impact on domestic retail supply chains, bringing in global best practices, technological know-how and strengthening the position of local small suppliers. - Viktoria Sadlovska, Managing Director, Prameya Research, & Lead Author of the Pragmatic Value Chains Blog