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India is exploring opportunities to accelerate the regional energy transition while ensuring energy security across Southeast Asia, starting with Singapore, where several alternative energy projects are already in progress, a senior Indian official said here. Ghanshyam Prasad, Chairman of the Central Electricity Authority -- a statutory body under the Ministry of Power -- asserted that the need of interconnection has been highlighted to use the regional renewable resources in an optimal manner and a huge opportunity awaits if the South ASEAN and Southeast Asia grids are interconnected. One of the options is to have a direct interconnection between India and Singapore. This was in line with the One Sun One World One Grid' principles, which originated from India. Through Singapore, the whole of the South East Asian countries will benefit, Prasad told PTI on the sidelines of an international energy conference in Singapore. Prasad said India could export renewable power -- generated fro
International investors will continue to trade through Singapore Exchange (SGX Group) in Nifty as the USD 7 billion open interest contract will be relaunched on GIFT City from July 3, 2023, following 22 years of success in Singapore. This collaboration is significant given it is the first cross-border initiative in connecting India and Singapore's capital markets. "SGX Group will continue to provide international access to USD-denominated Nifty contracts, which has been re-christened GIFT Nifty starting July 3, 2023, alongside other SGX derivatives products," Janice Kan, Managing Director of Head of Markets Equities at SGX Group, told PTI on Friday. "Investors can trade and clear the Nifty contracts through SGX as they have been doing for more than two decades. Orders will be routed via the Connect to NSE IX for trade matching and executed trades will be cleared and settled on SGX," said Kan, an equity market veteran with over three decades of experience. Kan has seen through the .
The Singapore Exchange (SGX Group) plans to focus on risk-hedging products related to Indian infrastructure development as well as Environmental, Social and Governance (ESG) initiatives, as it aims to expand its footprint in metals and minerals such as green steel and lithium. William Chin, Commodities Head at SGX Group, pointed out the close relationship SGX Group has built with the financial and business community in India in the past decades and the importance of collaboration with partners and stakeholders to develop solutions to serve participants in both markets. Risk hedging products related to the Indian infrastructure development, green initiatives, ESG as well as new energy minerals and metals are some of the areas SGX Group wants to focus on, Chin said. "We are expanding our footprint in metals and minerals such as green steel and lithium," said Chin, noting the surging demand from the massive infrastructure development, industrial production and renewable energy-based ..