The Indian government is reviewing investment proposals totaling $21 billion to boost chip manufacturing in the country. According to a Bloomberg report, the proposals encompass diverse ventures from both Indian conglomerates and international players. Israel's Tower Semiconductor has proposed a $9 billion chip plant in Gujarat. Its proposed plant may...
India’s Reliance Jio Launches $12 Web-Enabled Phone
Billionaire Mukesh Ambani founder, chairman, and managing director of Mumbai-based Reliance Industries has made investments in excess of $50 billion to create the largest digital and connectivity ecosystem in India. Currently, 5G mobile networks begin to expand in India, but about half of the country’s 1.4 billion people remain disconnected...
Google to Set Up Global Fintech Center in India
Google will set up its global fintech operation center at GIFT City in Gujarat, its CEO Sundar Pichai said. The Indian-origin CEO said it is exciting to see the progress that the country has made, particularly around the vision of Digital India and the economic opportunity. Pichai added that Prime...
India’s Internet Economy Slated to Reach $1 Trillion by 2030
A joint report by Google,Temasek, and Bain & Company released in early June, said India's internet economy, mainly driven by the e-commerce vertical, is expected to register six-fold growth and touch $1 trillion by 2030. The growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service...
U.S. Commerce Launches IPEF Upskilling Initiative to Train 7 million women
The U.S. Department of Commerce and the Office of the U.S. Trade Representative (USTR) launched the IPEF Upskilling Initiative, in support of the objectives of the Indo-Pacific Economic Framework (IPEF). The Initiative will be a public-private endeavor to support sustainable and inclusive economic growth by providing primarily women and girls in...
American Companies Jump in to Help India
Corporate America has sprung into action to help the people of India grapple with the devastating second wave in the Covid-19 pandemic. Here is a small sample of announcements from the last 24 hours: Air Products is allocating resources and assets from its operations around the world to support and maximize...