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Four firms with ownership from neighbouring nations to bid for power project: Naik

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NEW DELHI, Jul 20: Four companies with substantial stakes held by entities from neighbouring countries have been allowed to bid for power projects for a two-year period beginning from June 24, Parliament was informed on Monday.This would enhance competition, promote price stability, and address supply constraints, while supporting the objectives of the Atmanirbhar Bharat initiative, said Minister of State for Power Shripad Naik in a written reply to the Rajya Sabha on Monday.The minister was replying to a question by MP Jose K. Mani about whether the government recently allowed four companies with Chinese ownership or links to participate in…

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