9AUGUST 2026Waaree Renewable Technologies enters the solar market in Australia and New Zealand through a strategic agreement to expand its global footprint. The company targets utility-scale solar and renewable energy projects across both countries, where demand for clean energy continues to rise.Waaree Renewable Technologies positions itself to deliver engineering, procurement, and construction services in the solar market. This move aligns with increasing investments in renewable infrastructure and supportive policy frameworks in the region. With this expansion, the company aims to strengthen its international presence while tapping into high-growth opportunities in the solar market. India is preparing a major push for deepwater oil as the government plans an incentive package worth Rs 80,000 crore. The move aims to attract investment in high-risk offshore exploration. Deepwater oil projects need large capital and advanced technology. The proposed package is expected to reduce financial risks for companies and improve India's long-term energy security.The Ministry of Petroleum and Natural Gas is working on the package. It will be presented to the Union Cabinet after final discussions. The government wants to encourage IndianOil's INR 61,077 crore Paradip project has reached a major milestone as Odisha begins the land acquisition process. The move marks the transition from planning to execution for the mega petrochemical investment. Once completed, the project is expected to strengthen India's manufacturing sector, reduce petrochemical imports, and attract significant downstream investments.The land acquisition process signals that the long-awaited project has moved into the execution phase after more than a year of planning. The Odisha government has initiated the mandatory Social Impact Assessment (SIA) for acquiring private land needed for the project. The assessment is the first step before land acquisition begins. Once completed, construction activities can move forward. India's automotive sector is witnessing renewed momentum as auto investment gains traction with a 70 million Euro commitment by Forvia. This latest auto investment highlights the company's long-term confidence in India as a strategic growth market and manufacturing base.The move aligns with India's push to become a global automotive hub, supported by strong domestic demand and export potential. India emerging as a key node in global supply chains, this auto investment is expected to accelerate localization, boost advanced component manufacturing, and strengthen the country's position in next-generation mobility solutions. both domestic and global energy firms to participate in offshore exploration. The plan comes as India continues to depend heavily on imported crude oil. India is reshaping LPG imports strategy to strengthen energy security after supply disruptions exposed heavy reliance on the Middle East. The country sourced nearly 90 per cent of its LPG imports from Gulf nations, leaving it vulnerable to geopolitical risks and shipping bottlenecks.In 2026, tensions around the Strait of Hormuz disrupted cargo movement and triggered domestic shortages. This forced policymakers to rethink their sourcing strategies. India now plans to secure up to 25 per cent of its LPG imports from the United States by 2027. This in turn marks a shift toward supply diversification, risk mitigation, and long-term stability in fuel availability. INDIA CUTS MIDDLE EAST DEPENDENCE WITH US LPG IMPORT SHIFTWAAREE RENEWABLE ENTERS AUSTRALIA NEW ZEALAND SOLAR MARKETWHY INDIA IS SPENDING INR 80,000 CRORE ON DEEPWATER OILODISHA UNLOCKS INDIANOIL'S INR 61,077 CR MANUFACTURING MEGA PROJECT CAN 70M AUTO INVESTMENT RESHAPE INDIA'S MARKET?
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