Fast-fashion giant Shein - the Singaporean online fashion retailer - is ramping up manufacturing in India, reflecting a strategy move as companies reassess supply chains amid ongoing trade tensions and logistical challenges. The shift is part of a broader trend, as industries from consumer tech to aerospace increasingly look beyond...
Google and Tamil Nadu Partner on AI Innovation
Google and the government of India's southern state of Tamil Nadu have forged a significant partnership through a Memorandum of Understanding (MoU) aimed at accelerating AI-driven innovation in the state. This collaboration was formalized at Google's Mountain View office. The partnership marks a strategic effort to position Tamil Nadu as...
India Reviews $21 Billion in Semiconductor Proposals
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...