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India Economy Thread
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CallSignMaverick
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CallSignMaverick
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Mumbai: The state government on Tuesday cleared its new policy for information technology (IT) and IT-enabled services offering several relaxations to the sector. As part of it, IT industries will be able to set up tech parks anywhere across the state. The policy also offers 50 to 100% subsidy in the stamp duty, waiving off electricity charges from 10 to 15 years, power supply on industrial rates among other sops and benefits to the IT industry. The state cabinet cleared the new IT and ITES Policy on Tuesday that aimed to attract an investment of ₹95,000 crore ($12 billion), 3.5 million jobs and export of ₹1 lakh crore ($12.5 billion).
$1.6 billion investment in EV battery manufacturing plant
TATAs line up over Rs 7,600 crore ($1 billion approx) to fund its electronics business
economictimes.indiatimes.com
KredX aims for $200 million in export financing this year through GIFT City
timesofindia.indiatimes.com
economictimes.indiatimes.com
CISCO manufacturing output from its upcomig plant in Chennai is targeted to be $1 billion
www.cnbctv18.com
timesofindia.indiatimes.com
www.businesstoday.in
Adani Group has revived its investment plan for Mundra Petrochem Ltd, India’s largest polyvinyl chloride (PVC) plant, with initial funding of ₹14,000-16,000 crore ($2 billion).
www.livemint.com
India Plans Rs 15,000 Crore ($2 bn) PLI Scheme To Promote Setting Up Of Grid-Scale Battery Storage
India will offer Rs 3,760 crore ($455.2 million) in incentives to companies setting up battery storage projects totalling 4,000 megawatt hours (MWh) under a scheme announced earlier this year.
economictimes.indiatimes.com
www.moneycontrol.com
techcrunch.com
www.moneycontrol.com
LG Electronics Global CEO visits India, company to ramp up investments in local factories
www.thehindubusinessline.com
Web Werks and Iron Mountain joint venture to invest $170 million in Navi Mumbai data center.
Blackstone bets big on India’s warehousing, to grow logistics portfolio to 100 million square feet!
economictimes.indiatimes.com
Megaproject: Newly built 6.2 million TEU Vizhinjam transshipment port in Kerala to commission by May 2024 at a cost of $1 billion.
infra.economictimes.indiatimes.com
IndiGo orders 500 additional jets from Airbus, eclipsing Air India's 470 aircraft order made this year which was the largest single order in the history of aviation.
Mega transshipment port complex with a capacity of 16 million TEU worth $6 billion in Nicobar Islands, close to Indonesia. Would be amongst the world's largest ports upon completion.
infra.economictimes.indiatimes.com
$1.6 billion investment in EV battery manufacturing plant
TATAs line up over Rs 7,600 crore ($1 billion approx) to fund its electronics business
Tatas line up over Rs 7,600 crore to fund its electronics business
Tata Electronics has raised more than ₹7,600 crore through a combination of capital infusion and secured loans, according to filings with the Registrar of Companies. Last year, parent firm Tata Sons invested more than ₹608 crore in its greenfield electronic component and contract manufacturing...
KredX aims for $200 million in export financing this year through GIFT City
KredX starts operations at GIFT IFSC: Aims for US$ 200 Million in Export Financing this year - Times of India
India Business News: KredX, one of the largest supply chain finance platforms, has received the final approval from International Financial Services Centres Authority (IFS
timesofindia.indiatimes.com
German brand Blaupunkt to take India-made TV to global market, expand product portfolio
German consumer electronic brand Blaupunkt is planning to export LED TV to markets such as Australia and South America, making India a hub for production, said its Managing Director Andrzej Cebrat.
CISCO manufacturing output from its upcomig plant in Chennai is targeted to be $1 billion
Cisco targets $1 billion revenue from its upcoming Chennai manufacturing plant - CNBC TV18
Cisco has announced it will start manufacturing in India as it looks to expand its footprint in the country. Here is CNBC-TV18's exclusive interaction with Cisco Chair and Chief Executive Officer Chuck Robbins
www.cnbctv18.com
Omega Seiki Mobility to invest Rs 800 cr to set up two EV component manufacturing plants - Times of India
News News: Electric vehicle maker Omega Seiki Mobility plans to invest Rs 800 crore in the next two years to set up two new facilities to manufacture batteries a
timesofindia.indiatimes.com
Japan's Mitsubishi Electric to set up India plant for $231 million; over 2,000 people to be employed for the project - BusinessToday
Mitsubishi Electric Corp's Indian arm plans to invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu.
Adani Group has revived its investment plan for Mundra Petrochem Ltd, India’s largest polyvinyl chloride (PVC) plant, with initial funding of ₹14,000-16,000 crore ($2 billion).
Adani set to revive Mundra PVC project
Mundra Petrochem to get ₹14,000 cr credit line from banks
www.livemint.com
India Plans Rs 15,000 Crore PLI Scheme To Promote Setting Up Of Grid-Scale Battery Storage
The Central government is reportedly planning to introduce a Rs 15,000 crore production-linked incentive (PLI) scheme to promote grid-scale battery storage
swarajyamag.com
India to offer Rs 3,760 cr in incentives for battery storage projects: Sources
India is offering incentives worth $455.2m to encourage battery storage projects with a total capacity of 4,000MWh. Private firms are expected to invest INR56bn ($765m) into the scheme to develop large-scale battery storage systems. The Indian government aims to boost the share of renewables in...
India's internet economy gross merchandise value to grow 6X to hit $1 trillion by 2030: Report
The joint report by Google, Temasek, and Bain pegs the size of India's internet economy at $155-175 billion in 2022
www.moneycontrol.com
Tesla plans to almost double component sourcing from India to $1.9B this year, says minister | TechCrunch
Tesla is planning to nearly double its component sourcing from India to up to $1.9 billion this year, the nation’s trade minister has said, underscoring Tesla is planning to nearly double its component sourcing from India to up to $1.9 billion this year, the nation’s trade minister has said.
techcrunch.com
India’s diamond city Surat is now mining SaaS startups for the world
Data sourced from Tracxn shows that Surat has more than 2,530 startups, of which 164 are SaaS-based startups offering services such as financial management, export-import management and cloud-based solutions. Together, they have raised nearly $224 million so far.
www.moneycontrol.com
LG Electronics Global CEO visits India, company to ramp up investments in local factories
LG has also pledged to convert 100 per cent of the energy used by all overseas production subsidiaries to renewable energy by 2025.
Blackstone bets big on India’s warehousing, to grow logistics portfolio to 100 million square feet!
Blackstone bets big on India’s warehousing, to grow logistics portfolio to 100 million sq ft
Blackstone will be developing the logistics portfolio further through its existing joint ventures, partnerships and will also be forging new alliances for the same, said a top executive of the firm.
Vizhinjam Port to be fully commissioned by May next year: Karan Adani - ET Infra
Vizhinjam: The Phase 1 (400 metres quay) of the container transhipment port, designed to cut India’s dependence on nearby Colombo, to be commissioned by March 2024 and the balance by May 2024.
infra.economictimes.indiatimes.com
IndiGo orders 500 additional jets from Airbus, eclipsing Air India's 470 aircraft order made this year which was the largest single order in the history of aviation.
Mega transshipment port complex with a capacity of 16 million TEU worth $6 billion in Nicobar Islands, close to Indonesia. Would be amongst the world's largest ports upon completion.
Private companies seek sops to build Great Nicobar port - ET Infra
Great Nicobar port project is significant for the country as nearly 75% of India's transshipped cargo is handled at ports outside India. According to official estimates, Indian ports can save $200-220 million each year on transshipment cargo if the Galathea projects comes about.
infra.economictimes.indiatimes.com
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CallSignMaverick
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Blackstone’s Lumina CloudInfra to invest over $300 million to set up Navi Mumbai hyperscale data center
Read more at:
Blackstone’s Lumina CloudInfra to invest over $300 mln to set up Navi Mumbai hyperscale data center
“India is a high-growth market, with data centre demand expected to significantly increase, driven by rapidly growing data consumption, the digitization of the economy, the onset of 5G and data localisation trends. Our first data center is an important milestone for Lumina and Indias digital...
GQG Partners looks to invest $1 billion more in Adani Group
Investment firm GQG Partners to invest $1 billion more in Adani Group
US-headquartered GQG has already increased its stake in the Adani Group by 10% since its initial investment by buying shares in the open market, Bloomberg reported, citing Rajiv Jain, the fund's founder and chief investment officer. He added that, within five years, GQG wants to be one of the...
-> Tata Realty plans to develop 5 million square feet office space in Bengaluru, to invest ₹4,000 crore.
-> For Pune, Tata plans to invest Rs 2,000 crore to add 3.5 million square feet in the non-IT commercial segment branded as Intellion Edge.
->In Gurugram, Tata is building 1.6 million square feet office project.
->Tata also building its largest commercial office project in Navi Mumbai at 7 million square feet
Tata Realty plans to develop 5 million sq ft office space in Bengaluru, to invest Rs 4,000 crore
Additionally, the company is planning to foray into Pune and Hyderabad for launches in the commercial segment.
www.moneycontrol.com
STT GDC to invest Rs 2,000 cr in two more data centres in Pune
Singapore-based STT Global Data Centres' India arm is planning to invest around ₹2,000 crore to develop two new data centres in its existing campus in Pune's Dighi locality taking its total capacity to over 80MW of IT load in this hub alone.
Investments into Indian hospitality to exceed USD 2.3 bn over next 2-5 years
May 17, 2023 – CBRE South Asia, on Wednesday announced the findings of its first-ever hospitality report, ‘Indian Hospitality Sector: On a Comeback Trail’. The report highlights the occupancy trends and growth in the hospitality sector in India. Key deals in India’s hospitality segment between...
www.realtynmore.com
The Minister had a fruitful meeting with the CEOs and many of them signed MOUs with the government to set up their offices in cities such as Nizamabad, Siddipet and Nalgonda. Very soon, Tier-II cities in the state will get more than 2,500 IT jobs which will in turn create indirect employment for 10,000 people.
KTR in US: TechnipFMC to set up unit in Hyderabad, invest Rs.1,250 crore
KTR delegation has signed a major deal with TechnipFMC that has proposed to set up its software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility, in Hyderabad
www.newstap.in
KTR in US: TechnipFMC to set up unit in Hyderabad, invest Rs.1,250 crore
KTR delegation has signed a major deal with TechnipFMC that has proposed to set up its software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility, in Hyderabad
www.newstap.in
A Bain Capital Owned company @vxiglobal, leading provider of customer experience solutions, with presence in 42 locations across North America, Latin America, Asia, Europe, and the Caribbean, makes a grand entry into Hyderabad - to setup a 10,000 employee center.
CtrlS to invest $18.1 million in a Data Centre project in Odisha
Moody's sees India as fastest-growing G20 nation over next few years
According to the global ratings agency, India will achieve significant scale across several industries – from IT services to steel, cement, aviation, and power, among others – over the next decade
www.moneycontrol.com
HPE to manufacture high-volume servers in India, eyes $1 billion worth production in 5 years
The high-runner servers will be manufactured at VVDN Technologies’ plant in Manesar, Haryana
www.businesstoday.in
CallSignMaverick
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Exide is setting up a 12GWh lithium ion cell manufacturing plant in Bangalore at an estimated project cost of Rs 6,000 crore ($750 million) in two phases. The company is already manufacturing lithium ion-based modules and packs at its plant in Gujarat.
www.telegraphindia.com
www.moneycontrol.com
Global financial markets infrastructure and data provider London Stock Exchange Group (LSEG) will be establishing a technology centre of excellence (CoE) in Hyderabad.
The announcement about the proposed facility, which will be generating employment for about 1,000 people in a year, was made after Minister for Industries and IT K. T. Rama Rao, who is on an official tour to the U.K., met with Group’s CIO Anthony McCarthy in London.
timesofindia.indiatimes.com
Must read thread
India's Parvatmala Project
>$15 billion investment
>1200 kilometres long ropeways to be built
> 260 Ropeway projects across India
The World Trade Centre in Shamshabad, Telangana under construction would be the amongst the world's largest world trade centres with a built-up area of 10 million square feet.
Same company is building a World Trade Centre in Visakhapatnam of 4 million square feet built-up area.
Industrial battery maker Exide bullish on lithium ion cells manufacturing
Company’s management has informed market analysts at the earnings call that its lithium ion plant in Bangalore is progressing well with necessary approvals in place and construction underway.
www.telegraphindia.com
GAIL plans $4.9 billion ethane cracker in West India
GAIL plans $4.9 billion ethane cracker in West India
Indian companies are boosting their petrochemical production capacity as the expanding economy boosts the need for goods ranging from plastics to paints and adhesives. A cracker produces ethylene, required for products such as plastics.
www.moneycontrol.com
Global financial markets infrastructure and data provider London Stock Exchange Group (LSEG) will be establishing a technology centre of excellence (CoE) in Hyderabad.
The announcement about the proposed facility, which will be generating employment for about 1,000 people in a year, was made after Minister for Industries and IT K. T. Rama Rao, who is on an official tour to the U.K., met with Group’s CIO Anthony McCarthy in London.
London stock exchange group to set up technology centre in Hyderbad - Times of India
India Business News: HYDERABAD: In a boost to the banking, financial services in Telangana, London Stock Exchange Group PLC (LSEG) announced that it will establish a Techn.
timesofindia.indiatimes.com
Must read thread
India's Parvatmala Project
>$15 billion investment
>1200 kilometres long ropeways to be built
> 260 Ropeway projects across India
The World Trade Centre in Shamshabad, Telangana under construction would be the amongst the world's largest world trade centres with a built-up area of 10 million square feet.
Same company is building a World Trade Centre in Visakhapatnam of 4 million square feet built-up area.
CallSignMaverick
Contributor
- Dec 18, 2023
- 452
- 643
- Country of Origin
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CallSignMaverick
Contributor
- Dec 18, 2023
- 452
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- Country of Origin
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India's L&T reveals record high $50 billion order book, proposes share buyback
Company's net profit increased by 46% to $304.3 million in quarter ended 30 June
Mindspace IT Complex in Bengal Silicon Valley
Total Built-up area around 4 million square feet.
CallSignMaverick
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$2.5 billion investments in Greater Noida for Data Centres.
Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana
The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi.
Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana
The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi.
www.moneycontrol.com
Vivo’s new ₹1,100 cr, 170-acre facility to come up in Greater Noida
Vivo will continue to expand offline sales via 70,000 touchpoints, and 650 exclusive outlets
www.livemint.com
BAM Digital to set up data centre in Mumbai - CIO News
To build a new state-of-the-art data centre, BAM Digital Realty, a joint venture between Brookfield Infrastructure and Digital Realty, has acquired 2.15 acres
cionews.co.in
STT GDC India set to double data centre capacity in next 3-5 years with $1 billion investment
STT GDC India set to double data centre capacity in next 3-5 years with $1 billion investment
STT Global Data Centres India, a leading data centre provider, plans to invest $1 billion over the next 3-5 years to expand its capacity to 500-550 MW.
Indian Oil capex investment to be ~ $4 billion this year.
Indian Oil plans capex of Rs 30,395 crore for FY24 vs Rs 35,205 crore spent in FY23
The oil refiner said the amount will support implementation of its planned investments and projects to drive growth.
www.moneycontrol.com
Samsung enters in OLED TV segment in India; to manufacture locally
Samsung India Senior Vice President, Consumer Electronics Business, Mohandeep Singh said: "The launch of new OLED TVs will enable us to further strengthen our leadership in the premium TV market". "We are pushing the boundaries of innovation with our new range of OLED TVs. We have made OLED TVs...
Embraer is in talks with Tata, M&M for manufacturing tie-up
Defence partnership likely by end of year; firm eyes IAF order
www.livemint.com
Centre aims at covering refractories in PLI 2.0 to support 300 MT steel capacity target by 2030
India's Ministry of Steel is in talks with the refractory industry to boost domestic production and reduce the country's dependence on imports from China. Refractories are critical for steel production, and India presently relies on imported raw materials. The inclusion of refractories in the...
India set to be third-largest construction market in 2024: CNH Industrial president
India is CNH Industrial’s sole manufacturing hub in the Asia-Pacific region, where it is ramping up capacities to 10,000 units annually by the next year, making it the 2nd-largest factory for the company globally and its largest export hub.
The company wants to increase its India capacity by 50% to 15,000 units in the medium term and is targeting a production of 12,000 units a year by 2025. 50% of our production in India goes towards exports to 105 countries.
India set to be third-largest construction market in 2024: CNH Industrial
Infra investments spur demand for building equipment: CNH Industrial
www.livemint.com
The Indian ER&D sector is projected to be worth over $63 billion by 2025, according to NASSCOM, and most of these services providers stands to benefit.
India becomes destination for auto OEMs to secure their digital content needs
Why the country has become the destination for auto companies to source cutting-edge digital technology and talent for their electric, autonomous and connected vehicles.
1,00,000 prefabricated biogas plants to be produced in world’s largest manufacturing facility in Pune
CNBC-TV18 News | Sistema.Bio Opens Largest Manufacturing Facility For Biogas Plant | CNBC TV18
World Environment Day | Undoubtedly, the invention and widespread use of plastic was a major step forward for humanity. But what we failed to do was consider...
youtu.be
The trade landscape is changing structurally to India’s advantage
The growth of the new product basket outpaces the growth of legacy products. Productions such as helicopters, arms and ammunition, and electrical machinery registered some of the highest growth rates.
The trade landscape is changing structurally to India’s advantage
The structural changes in India’s trade basket show that our export boom is no more a story of the rising tide lifting all boats
www.livemint.com
JSW under the PLI scheme, has planned to set up a solar module manufacturing facility. It has received the LoI (letter of intent) for 1 GW per year capacity for a wafer-cell-module manufacturing facility.
JSW Energy was quietly going green. Now, it has one first-mover advantage its rivals may have missed
JSW Energy has decided to put a full stop to expanding thermal projects and is investing heavily in renewable energy. While it is focusing on solar, hydro, wind power and green hydrogen, it is the untapped energy-storage business where JSW Energy is building a niche.
The faster adoption of Generative AI globally has an “advantage India'' angle as AI consulting firms are seeing increased client interest as they are getting RFPs, POCs and projects around the new technology theme.
SECL in expansion mode; to make Gevra world's largest coal mine: CMD Prem Mishra
In financial year 2022-23, the mine produced 52.5 MT of coal which was above its target for the year, the Chairman-cum-Managing Director said. When asked about the timeline for achieving the 70 MTPA target, the CMD replied "we aim to achieve it by the end of the current fiscal year. We are...
India’s speciality chemicals sector is a ‘Goliath' in the making, according to Jefferies. It believes the gradual decline in EU's share in global chemical capex as well as sourcing needs beyond China bode well for the Indian producers.
Specialty chemical sector’s a Goliath in the making: Jefferies
“India has been among the beneficiaries where revenue growth of fluorochemistry majors has far outstripped that of Chinese majors over the past five years,” Jefferies said in a client note.
Anupam Rasayan has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.
Anupam Rasayan inks LoI worth Rs 2,186 cr with Japanese firm for supply of speciality chemicals
Chemicals maker Anupam Rasayan on Tuesday said it has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.
JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore ($1 billion) over a six-year period, between 2024 and 2030, to ramp up capacity to 30 million tonnes per annum (mtpa) from the projected 18 mtpa capacity at end-FY24.
JK Lakshmi Cement plans ₹8,000 cr capex
JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore over a six-year period
Sequoia's Roelof Botha backs Shailendra Singh week after split, says India and SEA arm flourished under him
Botha's comments come a week after Sequoia Capital decided to hive off it's India and SEA arm, effectively exiting from the country
www.moneycontrol.com
Expect India's GDP growing over 7% in 2023-24: CEA Anantha Nageswaran
Expect India's GDP growing over 7 pc in 2023-24: CEA Anantha Nageswaran
The Indian economy is expected to grow over 7 per cent in the current financial year 2023-24 per cent, said Chief Economic Advisor Anantha Nageswaran. The forecast was on the back of firm investments and rapid stride in digital transformation.
CallSignMaverick
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Noida International Airport
India's largest airport under construction
> 5 million passengers per annum traffic from day 1
> 225 million passengers per annum capacity by final phase.
Noida Fintech City built around the NIA Airport
The Fintech city will have facilities like Metro rail connectivity, a stock exchange, crown funding, insurance companies, corporate companies, research and development facilities, shopping centres, e-payment gateway platforms, digital money, SEBI and RBI's offices, data centres, five-star hotels, commercial complexes etc.
Noida Aerocity
Nexus @ NIA has created a timeless iconic Airport City designed to inspire the Indian intellect. Designed as a mixed-use master plan with connectivity at its core, Nexus @ NIA is set to become the first Net Zero Airport City across India.
The Great Park is designed to create a vibrant and sustainable Airport City, with a mixed-use community fostering a synergy between public / private enterprise. The master plan is separated into three sectors from the west along the Yamuna Expressway, terminating at the garden forecourts to Terminals 1 and 2. The Great Park spans across all sectors seamlessly stitching the Airport City together creating a grand landscaped promenade bringing millions of passengers annually to the Noida International Airport.
Sector 1 is the gateway leading into the Airport City containing a mixed-use program including office, retail, hotels, residential, healthcare, a metro train station, and a MICE facility with direct connectivity to the airport. Sector 2 is centrally located with a mixed-use aviation focused commercial and residential program. Sector 3 plays a crucial role within the Airport City with an airport focused program including hotels, retail, conferencing facilities, the ground transportation center, parking, and the terminus station to the Noida Metro. The vision for Sectors 1 to 3 is that they become a vibrant liveable city offering opportunities for people to live, work, play, shop, learn and innovate close to each other with direct connectivity throughout the Airport City.
72km long High-Speed Airport Express Metro Rail System
www.moneycontrol.com
India's largest airport under construction
> 5 million passengers per annum traffic from day 1
> 225 million passengers per annum capacity by final phase.
Noida Fintech City built around the NIA Airport
The Fintech city will have facilities like Metro rail connectivity, a stock exchange, crown funding, insurance companies, corporate companies, research and development facilities, shopping centres, e-payment gateway platforms, digital money, SEBI and RBI's offices, data centres, five-star hotels, commercial complexes etc.
Noida Aerocity
Nexus @ NIA has created a timeless iconic Airport City designed to inspire the Indian intellect. Designed as a mixed-use master plan with connectivity at its core, Nexus @ NIA is set to become the first Net Zero Airport City across India.
The Great Park is designed to create a vibrant and sustainable Airport City, with a mixed-use community fostering a synergy between public / private enterprise. The master plan is separated into three sectors from the west along the Yamuna Expressway, terminating at the garden forecourts to Terminals 1 and 2. The Great Park spans across all sectors seamlessly stitching the Airport City together creating a grand landscaped promenade bringing millions of passengers annually to the Noida International Airport.
Sector 1 is the gateway leading into the Airport City containing a mixed-use program including office, retail, hotels, residential, healthcare, a metro train station, and a MICE facility with direct connectivity to the airport. Sector 2 is centrally located with a mixed-use aviation focused commercial and residential program. Sector 3 plays a crucial role within the Airport City with an airport focused program including hotels, retail, conferencing facilities, the ground transportation center, parking, and the terminus station to the Noida Metro. The vision for Sectors 1 to 3 is that they become a vibrant liveable city offering opportunities for people to live, work, play, shop, learn and innovate close to each other with direct connectivity throughout the Airport City.
72km long High-Speed Airport Express Metro Rail System
Air India SATS to build country’s largest multi-modal cargo hub at Noida International Airport
Air India SATS to build country’s largest multi-modal cargo hub at Noida International Airport
The multi-modal cargo hub at the Noida International airport will be equipped with an connectivity options, and an integrated process driven systems to cater to the burgeoning logistic demand of the country.
www.moneycontrol.com
CallSignMaverick
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Singapore's Digital Edge to invest $2 billion to set up its first India data centre
Singapore's Digital Edge to invest $2bn to set up its first India data centre
Singapore-based data centre platform firm Digital Edge has announced an investment of $2 billion to set up its first data centre project in India. The...
www.techcircle.in
Adani Group to built 1000 megawatt data centres over a decade, twice the current market size!
Adani Group plans to build 1,000-MW data centres in 10 years - Times of India
India Business News: PANAJI: Adani Group firm AdaniConneX is planning to build 1,000 megawatt data centres -- almost double the present size of the total industry -- over .
timesofindia.indiatimes.com
The Web Werks-Iron Mountain Data Centers joint venture plans to invest around $1 billion to set up data centres in India’s major cities by 2026.
Web Werks-Iron Mountain to set up data centres in India’s major cities by 2026
Web Werks aims to take its total India capacity to 200MW from 40MW at present, and expand in cities like Mumbai, Bengaluru, Chennai, Hyderabad and Noida. It currently has three data centres: in Mumbai, the National Capital Region and Pune.
Amara Raja's $1.2 billion Giga Factory under construction
Investment in the Indian green energy sector could reach as much as $800 billion over the next decade, said Debasish Purohit, co-head of investment banking for Bank of America in India.
SMBC, 2 others to invest $250 mn in Amp Energy India
SMBC, Asian Infrastructure Investment Bank, and Intermediate Capital Group will invest $250m in Amp Energy India to drive expansion plans.
www.livemint.com
$1 billion in pharmaceutical investments
139 new pharma projects worth Rs 7,000-crore get nod in FY23 in Gujarat | Ahmedabad News - Times of India
Gujarat continues to strengthen its position as the pharma hub of India with fresh investments pouring in. In a major Rs 7,000 crore investment push,
timesofindia.indiatimes.com
Bhubaneswar metro rail project to start construction by year-end.
Metro rail work in Bhubaneswar to start by year-end | Bhubaneswar News - Times of India
Housing and urban development department secretary G Mathi Vathanan on Friday announced that foundation stone for the Metro train project in the city
timesofindia.indiatimes.com
Yokohama to invest Rs 671 crore to expand passenger tyre capacity in India - Times of India
Policy & Industry News: Japan-based Yokohama Rubber Company recently announced its plan to expand the passenger car tyre capacity in India. The company will invest Rs 671 cro
timesofindia.indiatimes.com
Auto parts maker Musashi enters India's EV space, to invest Rs 70 cr
Dubai-based Endefo to invest Rs 200 crore in India - Times of India
Dubai-based electronics brand Endefo, a brand under the Ashtel Group of Companies, has announced that its plan to invest Rs 200 crore in the Indian we
timesofindia.indiatimes.com
PE firm ChrysCapital to invest $100 million in India's Lenskart
Private equity firm ChrysCapital is set to invest $100 million in Indian eyewear brand Lenskart , the firms said in a joint statement on Thursday. The latest investment, which will be via primary and secondary share purchases, brings Lenskart's total capital infusion to nearly $850 million in...
finance.yahoo.com
Go Digit Life to invest up to ₹600 cr as it starts out
Promoted by Prem Watsa's Fairfax and industry veteran Kamesh Goyal, the company aims to launch its first product within 30 days.
SoftBank may invest $100 million each in 5 Indian start-ups, talks on: Report
India to export $100 billion worth of mobile phones, Dixon Technologies to open 3 new manufacturing facilities in UP: Sunil Vachani
India to export $100 billion worth of mobile phones, Dixon Technologies to open 3 new manufacturing facilities in UP: Sunil Vachani
Dixon has around eight manufacturing factories in Uttar Pradesh and employs more than 10,000 people
www.moneycontrol.com
Airbus: TASL to make Airbus A320neo aircraft cargo and bulk cargo doors in Hyderabad
TASL to make Airbus A320neo aircraft cargo and bulk cargo doors in Hyderabad - Times of India
India Business News: HYDERABAD: French aerospace giant Airbus on Wednesday said it has awarded a contract to Tata Advanced Systems Ltd (TASL) to manufacture cargo and bulk.
timesofindia.indiatimes.com
Schneider Electric To Add Five Factories In India To Meet Energy Transition Needs The cost of setting up these factories is estimated at Rs 1,400 crore ($190 million) in the next two years.
Schneider Electric To Add Five Factories In India To Meet Energy Transition Needs
The cost of setting up these factories is estimated at Rs 1,400 crore in the next two years.
LOGOS & Ivanhoe Cambridge acquire Pune land for mega Logistics Park
LOGOS & Ivanhoe Cambridge acquire Pune land for mega Logistics Park
The 77-acre industrial land is located in Chakan industrial area, Pune
www.constructionworld.in
NTT breaks ground on $241.5m data center campus in Kolkata, India
TIDCO FinTech City Chennai
Tamil Nadu's Chief Minister is set to lay the Foundation Stone for the Fintech City & Fintech Tower Projects today. The Fintech City, spanning 56 acres in Nandambakkam, Chennai, will house both International & National BFSI (Banking, Financial Services & Insurance) institutions.
Investment Potential: $1.5 billion
Job creation: 80,000
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CallSignMaverick
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Railways to invest ₹7 tn to lay tracks over the next decade
Railways now wants to go into mission mode to improve connectivity with modern tracks that can handle higher speed trains such as Vande Bharat.
www.livemint.com
CallSignMaverick
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Deloitte US India announces opening of three offices in Pune, Chennai, Kolkata
"In the coming year, over 10,000 skilled professionals specialising in various areas such as artificial intelligence, data analytics, cybersecurity, cloud, human capital, assurance, tax, valuations, and mergers and acquisitions will operate from these locations," it said.
Deloitte US India said that there are increasing opportunities in business services exports from the country.
Deloitte US India announces opening of three offices in Pune, Chennai, Calcutta
The country's skilled workforce is being sought after by global organisations for high-end work says the Big Four audit firm
www.telegraphindia.com
Adani Group begins work on ₹21,844 crore ($2.6bn) data centres in Visakhapatnam, to create 50,000 Jobs
Adani Group begins work on ₹21,844 crore data centres in Visakhapatnam, to create 50,000 Jobs
Adanis will invest ₹14,634 crore to set up a 200 MW Integrated Datacentre at Madhurawada and ₹7,210 crore to establish the second datacentre at Kapuluppada.
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India is the second most coveted investment market after the United States for sovereign wealth funds and public pension funds in 2022 said a study by asset manager Invesco. India’s economic power has been on the rise, and sovereign wealth funds operating around the world, have taken note of the trends.
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India's largest under construction airport
The airport, billed to be India's largest upon completion, is being developed in four phases — with two interconnected terminals and an annual passenger capacity of 70 million.
As per a recent announcement made by the Uttar Pradesh Cabinet Minister, Suresh Khanna, while presenting the state budget for fiscal year 2023-24, the airport will have a total of five runways instead of the initial proposal of two.
The Hyderabad Aerocity is currently the largest — spread over 1,500 acres, followed by Delhi — built on 200 acres.
IBC plans to set up a non-captive gigafactory, involving a substantial investment of approximately Rs 8,000 crore ($1 billion)
Lithium Cell Plant: International Battery Company to invest Rs 8,000 crore in Karnataka - CNBC TV18
The company plans to set up a non-captive gigafactory involving a substantial investment of approximately Rs 8,000 crore. The investment will be made on land, plant and machinery and building.
www.cnbctv18.com
Mercedes-Benz announces creation of 1,000 R&D jobs in India
Mercedes-Benz Research and Development India will create jobs for more than 1,000 engineers at its Bengaluru centre.
Mercedes-Benz announces creation of 1,000 R&D jobs in India
Mercedes-Benz Research and Development India will create jobs for more than 1,000 engineers at its Bengaluru centre.
www.investmentmonitor.ai
Aditya Birla Group bets on branded jewellery with over $600 million investment
Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in India
Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in India
The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland manufactured and shipped over 272 million pairs of shoes in the financial year 2022 globally, up nearly 14% from a year earlier. It already has plants in Bangladesh, Cambodia, Myanmar, and Vietnam.
www.google.com
Ciena to invest $50-100 million for manufacturing in India
‘Ciena to invest $50-100 million for manufacturing in India’
The company has partnered with contract manufacturer Flex for Make in India, Ciena CEO Gary Smith said in an interview.
www.google.com
SpiceJet's subsidiary SpiceXpress and Logistics get $100 million investment from UK-based group
SpiceJet's subsidiary SpiceXpress and Logistics get $100 million investment from UK-based group
The airline, which is facing financial headwinds and an insolvency plea by an aircraft lessor, had recently hived off SpiceXpress
www.google.com
KKR to invest additional $250 million in India's Serentica Renewables
KKR to invest additional $250 million in India's Serentica Renewables
According to the new agency, KKR, which owns Serentica alongside billionaire Anil Agarwal's Twinstar Overseas Ltd, agreed in November to spend $400 million in the company.
www.google.com
US specialty chemical firm Lubrizol to invest $150 million in India
US specialty chemical firm Lubrizol to investment $150 million in India
The proposed investment will go into building the world's largest CPVC resin plant at Vilayat in Gujarat in partnership with Grasim Industires; doubling its CPVC capacity at its Dahej Gujarat plant to 1.4 lakh tonne; opening a second grease lab in Navi Mumbai, the Berkshire Hathaway-owned...
www.google.com
Amp Energy India closes $250-million investment
Verlinvest’s V3 Ventures opens India operations with €100 million corpus
Singapore-based Princeton Digital Group Plans To Expand To Other Indian Cities; Invest About $300 Million On Each Location On Data Centres.
PDG Plans To Expand To Other Indian Cities; Invest About $300 Million On Each Location
Last week, PDG unveiled a data centre in Navi Mumbai with 48 MW capacity in two buildings spread over a 6-acre.
Yulu plans to invest $500 million in three years, eyes 10X growth in revenues
CleanMax gets $360 million Brookfield boost for 5GW target
Kotak Alternate's $800 million fund to invest in 5-7 data centers in India
Bristol Myers Squibb to invest $100 million in setting up global innovation centre in Hyderabad
Serum Institute of Life Sciences to invest additional $150 million in Biocon arm
TechnipFMC to invest $150 million to set up facility in Hyderabad
Videotex to invest Rs 100 cr into a new TV manufacturing facility, eyes exports from India
The company’s current capacity, which is also in Greater Noida, is over 1.4 million TVs per annum.
Omega Seiki to invest $981 million in EV parts plants in India
Omega Seiki to invest $981 million in EV parts plants in India
Omega Seiki Mobility Pvt. will invest 8 billion rupees ($981 million) to build two facilities in India to manufacture electric vehicle components such as batteries and power trains.
www.google.com
Noida City Tempts Startups With Its Office Leasing Scheme To Become $1 Trillion Economy By 2028
Noida Tempts Startups With Its Office Leasing Scheme To Become $1 Tn Economy By 2028
In a bid to woo entrepreneurs, Noida Authority has reportedly announced a leasing scheme for startups to set up their base in the city.
inc42.com
Apple’s iPhone Export From India Crosses ₹10,000 Crore ($1.25 billion) Mark In May
Apple’s iPhone Export From India Crosses INR 10,000 Cr Mark In May
Apple’s iPhone export value from India has reportedly crossed the INR 10,000 Cr mark in May this year.
inc42.com
Foreign investors ditch China to start $9 billion stock buying frenzy in India
Foxconn’s $1 Billion EV Factory in India to Create Thousands of Jobs
Vedanta lays out $1.7-billion capex plan for FY24
Vedanta Ltd plans to invest USD 1.7 billion in FY24 on growth projects: Chairman Anil Agarwal
Sharing details of the company's projects, Chairman Anil Agarwal said Vedanta is already expanding its aluminium and zinc capacities. "Our oil and gas operations, which account for nearly one-quarter of India's production, is also diversifying its reserves and resources portfolio towards a...
India mulls rule changes to boost $731 billion insurance sector
India mulls rule changes to boost $731 billion insurance sector
Insurance penetration remains abysmally low at less than 5% in the country of 1.4 billion people, signaling growth potential for investors.
India’s eB2B market to reach $90-$100 billion by 2030: Report
India's eB2B market to grow to USD 90-100 billion in GMV by 2030: Report - ET CIO
Usd: One of the fastest growing business segments in the world, the domestic eB2B market comprises multiple players who differ in terms of their city presence and the range of retail categories they cover.
cio.economictimes.indiatimes.com
Reliance may earn $10-15 billion revenue from new energy business by 2030
Reliance may earn $10-15 bn revenue from new energy biz by 2030 - ET EnergyWorld
Clean energy (solar, battery, electrolyzers, and fuel cells) represents a new growth pillar for Reliance with $2 trillion in investment in India through 2050. India is targeting solar capacity of 280GW and 5 million tonne of green H2 production by 2030.
energy.economictimes.indiatimes.com
DVC to set up three brownfield power plants in India, will invest ₹600 Billion ($8 billion)
DVC to set up three brownfield power plants in India, will invest Rs 600 Billion
New Delhi: Damodar Valley Corporation, a government-owned power generator is going to invest Rs 600 Billion to set up three brownfield Power Plant in India. The Chairman of the company recently share that DVC would invest the amount over the next seven years to set up these power plants. He menti
www.psuconnect.in
Indian SaaS industry to reach $26 billion in revenues by 2026: Report
Indian SaaS industry to reach $26 billion in revenues by 2026: Report
Indian SaaS companies are doubling down on growth (revenue generation) while ensuring operational and capital efficiency, the report said.
www.google.com
India's Reliance to raise up to $2 billion to fund expansion, Bloomberg reports
Google, Bain & Temasek say India will become a $1 trillion internet economy by 2030
Google, Bain & Temasek say India will become a $1 trillion internet economy by 2030
According to a joint research report, India's internet economy is poised for significant growth, with a projected value of $1 trillion by 2030. The report adds that adoption of digital tools and services, driven by evolving consumer needs, presents immense opportunities across sectors such as...
www.google.com
India on track to be a $5 trillion economy by 2025, says SBI Chairman Dinesh Khara
ET India Rising: India on track to be a $5 trillion economy by 2025, says SBI Chairman Dinesh Khara
In this latest episode of ET India Rising, powered by Visa, Dinesh Khara, Chairman, State Bank of India puts the spotlight on why he thinks India is well-positioned to achieve its dream of becoming a $5 trillion economy by 2025. From the future of financial inclusion to strengthening the MSME...
India’s GDP is likely to grow from current $3.3 trillion to $8.0 trillion in 2030 and India’s market cap is likely to revive from $3.5 trillion to $9 trillion.
ETMarkets Smart Talk-India eyeing $8 trillion GDP by 2030; Nifty heading for 20,000 in next few months: Amit Gupta
We believe the markets have factored many negatives like lower rainfall expectations, higher inflation, and interest rates, the US recession & banking collapse, Crude supply cuts, and the Russia-Ukraine war.
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