India's Ministry of Electronics and Information Technology (MeitY) recently approved 29 proposals for electronic component manufacturing, representing a total investment of over $750 million. The initiative is part of a push to expand India’s domestic production capacity to $500 billion by fiscal year 2031. Key Projects and Beneficiaries The approved...
VINCI Expands Mobility Footprint in India
VINCI Highways, a subsidiary of France's VINCI Concessions, signed an agreement with Sydney, Australia-based Macquarie Asia Infrastructure Fund, to acquire the Safeway Concessions portfolio in India. This portfolio comprises nine toll highway concessions in India's States of Andhra Pradesh, in south-east India, and Gujarat, in the west of the country....
Brookfield Commits $12 Billion to Green Energy in India
New York-based investment firm Brookfield, committed to investing $12 billion in green energy projects in the eastern state of Andhra Pradesh, in India, over the next three years. This announcement, made at the 2025 Confederation of Indian Industry (CII) Partnership Summit, represents the largest foreign investment in India’s green energy...
Accenture Expands Further in India
Accenture is planning a significant expansion in India with a new campus in Visakhapatnam, Andhra Pradesh, potentially creating 12,000 new jobs. The consulting and technology services firm has requested approximately 10 acres of land in Visakhapatnam for the proposed campus. While final approvals are pending, state officials have expressed strong...
India Ups Solar Power Generation in 1H 2022
India generated 47.64 BU, of solar power in the first half (1H) of the calendar year 2022, an increase of 34% compared to the same period last year. The Indian States of Andhra Pradesh, Rajasthan, and Karnataka were the top three states for solar production for the period. In Q2 of...
90% of Foxconn's Sri City Plant in India Are Women
At Foxconn Technology Group’s mobile phone plant in Sri City, in the southern state of Andhra Pradesh, of the nearly 15,000 workers 90% are women who assemble phones for various manufacturers, including Xiaomi. Recently, workers began testing and assembling Apple’s iPhone X, which will be sold in India first and eventually...