Rolta India

NEW DELHI, Sept 13 (Reuters) - Electric vehicle maker Tesla Inc TSLA.O plans to source components worth $1.7-$1.9 billion from India and has already sourced parts worth $1 billion, India's trade minister said at an auto conference on Wednesday.

(Reporting by Aditi Shah; editing by Jason Neely)

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By Sarita Chaganti Singh and Aditi Shah

NEW DELHI, July 14 (Reuters) - China's BYD Co 002594.SZ has submitted a $1 billion investment proposal to build electric vehicles and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.

BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private.

The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said.

BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. The company previously said it planned to set up manufacturing in India, now the world's third-largest car market.

India's commerce and heavy industries ministries did not immediately reply to a request for comment.

BYD's push into India is part of its rapid global expansion to challenge Tesla TSLA.O, which still leads in sales of EVs alone. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States.

(Reporting by Sarita Chaganti Singh and Aditi Shah in New Delhi; Additional reporting by Zoey Zhang in Shanghai and Shivangi Acharya in New Delhi; Editing by Kevin Krolicki and Jacqueline Wong)

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July 11 (Reuters) - Rolta India Ltd ROLT.NS:

• TO CONSIDER MOU FOR ACQUISITION OF SECURED DEBT HELD BY ROLTA PRIVATE LTD IN ROLTA INDIA

Source text for Eikon: ID:nNSE1Mppw1

Further company coverage: ROLT.NS

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NEW DELHI, June 20 (Reuters) - Google is looking at suppliers to move some of its production of its Pixel smartphone to India, television channel ET Now reported on Tuesday, citing agencies.

(Reporting by Tanvi Mehta, Editing by Louise Heavens)

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Adds details

NEW DELHI, June 13 (Reuters) - The United States is set to remove obstacles that prevent smoother trade with India in critical areas such as defence and high technology, U.S. National Security Advisor Jake Sullivan said on Tuesday.

Washington sees New Delhi as a vital partner in its efforts to push back against China's expanding influence worldwide, even though the two democracies differ on how to deal with Russia's invasion of Ukraine.

Sullivan is in India to make final preparations for Indian Prime Minister Narendra Modi's June 22 state visit to Washington, a trip that is being billed as a milestone in relations between the two democracies.

"As we look ahead to the state visit Prime Minister Modi will be embarking upon in Washington next week... a number of the deliverables at the visit are not just bullet points on a page," Sullivan told a meeting of business and industry in New Delhi.

"They are fundamentally designed to remove those obstacles in defence trade, in high-tech trade, in investment in each of our countries, in taking away obstacles that have stood in the way of our scientists and researchers."

This includes areas such as research and development, 5G and 6G telecommunication technology, semiconductor supply chains, artificial intelligence, advanced computing and biotechnology, and "specifically on removing barriers to strategic trade", he added.

The collaboration between the two countries, who were once on opposite sides of the Cold War, follows a partnership launched in January to help the two countries compete against China on military equipment, semiconductors and artificial intelligence.

Last month, Reuters reported that the Biden administration is poised to sign off on a deal that would allow General Electric Co GE.N to produce jet engines powering Indian military aircraft in that country.

Sullivan met Modi and held talks with his Indian counterpart Ajit Doval on Tuesday and is scheduled to meet Doval again on Wednesday. He will also meet Indian Foreign Minister Subrahmanyam Jaishankar during the two-day visit.

A statement from the Indian Foreign Ministry said that Sullivan and Doval "encouraged stakeholders on both sides to strive for technology value-chain partnerships that would lead to co-development and co-production of high technology products and services in both countries".

During his state visit, Modi has been invited to address a joint meeting of Congress. It will be Modi's second such address, a rare honour for a leader once denied a visa to enter the United States over human rights concerns.

(Reporting by Krishn Kaushik; writing by YP Rajesh; editing by Jonathan Oatis)

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