Intel Israel and Israeli government authorities announced plans to build a new manufacturing facility in Kiryat Gat on Tuesday morning with a USD 25 billion investment. “The global company Intel’s choice to approve the unprecedented investment of USD 25 billion right here, in Israel, is important and significant,” Finance Minister Betzalel Smotrich said in a […]
Hindustan Coca-Cola Beverages (HCCB), the largest bottling partner of Coca-Cola India, has formalised a Memorandum of Understanding (MoU) with the Gujarat government, affirming a substantial investment of Rs 3,000 crore in the state. The announcement precedes the Vibrant Gujarat Global Summit 2024 scheduled for 10-12 January 2024. The major investment is earmarked for the establishment […]
A high-level committee that met in Belgaum approved the establishment of 14 enterprises with a total capital investment of Rs 34,115 crores, which includes Foxconn’s proposal to invest an additional amount of Rs 13,911 crore in Karnataka, said Chief Minister Siddaramaiah. These capital investments are expected to employ over 13,300 people across the state, said […]
HCLTech on Friday revealed the inauguration of its latest Global Delivery Center (GDC) in Iasi, Romania. The centre will offer cutting-edge solutions in digital, engineering, cloud and artificial intelligence (AI) domains, marking a significant step in HCLTech’s nearshore strategy to cater to its global clientele. Having marked its fifth year of operations in Romania, HCLTech […]
Tech major Lenovo on Friday said that it is launching Preferential Market Access (PMA) compliant PCs with its ‘made in India’ motherboard, underscoring its commitment to strengthen and expand its manufacturing footprint in the country. The company said the move has qualified it for the Class 1 PMA bracket with over 50 per cent of […]
In the presence of Chief Minister Pushkar Singh Dhami, the Uttarakhand government signed a memorandum of understanding (MoU) of Rs 2,000 crore with the French cable car company POMA ropeways for investment in the state under the Uttarakhand Global Investors Summit in London on Tuesday. On this occasion, CM Dhami said that through this investment […]
In a major achievement for Chief Minister Yogi Adityanath-led Uttar Pradesh government, over 500 foreign buyers registered on the third day of the five-day UP International Trade Show being held at India Expo Center in Greater Noida on Sunday. The trade show, which aims at showcasing UP’s products to the global audience and also attracts […]
Indian micro, small and medium enterprises (MSMEs) contribute around 30 per cent to India’s gross domestic product (GDP), constitute nearly 40 per cent of total exports and provide employment to about 11 crore people; more than half of them are located in rural India. Despite challenges, the sector is the backbone of the nation’s economy. […]
DealShare, a social ecommerce player, has announced a substantial investment of Rs 1000 crore in local and regional SME brands and its own Private Labels over the next 5 years. The company is looking to invest in 6 states namely Rajasthan, Haryana, Uttar Pradesh, Himachal Pradesh, Gujarat and Maharashtra. DealShare’s core ecommerce portfolio sources goods […]
TTRata Group’s Air India having ordered 470 odd planes from Boeing and Airbus will have a positive impact on job opportunities in India, both directly and indirectly, according to Ashish Saraf, Vice President and Country Head at Thales India. Saraf emphasised that this would provide Thales India with an advantage, enabling them to offer their […]
