Adani Green Energy Limited, the renewable energy arm of the Adani Group is building what will likely be the world's largest renewable energy project - the Khavda Renewable Energy Park - on a salt desert in Kutch, which is a part of Gujarat in western India. When completed in 3 years,...
Global Chip Makers to Invest in India’s Semiconductor Sector
Malvern, Pennsylvania-based Silicon Power Group, will invest $121 million to set up a facility in India's Odisha state. The company proposes to manufacture 5.9" silicon carbide, a component that goes into chips used in electric cars and other industrial power and energy applications. The investment will be made by the group's...
Micron Signs MOU to Build Semiconductor Facility in India
Boise, Idaho-based Micron, signed an MoU with the government of India's western state of Gujarat for setting up a $2.75 billion semiconductor assembly and test facility at Sanand, located near the city of Ahmedabad in Gujarat. The plant has been approved under the Federal government's 'Modified Assembly, Testing, Marking, and...
In India Solar and Wind Dominate Energy Additons
London, UK-based global energy think tank Ember launched India state RES target and progress tracker, early last year. The data tool tracks the monthly progress of Indian states and union territories against their 2022 renewable energy targets, using archive records of state-wide installed renewable energy capacity data from India’s Ministry of...
India’s Regulator Clears Warburg Pincus’ Investment in Meril Life Sciences’ Parent
The Competition Commission of India approved a minority stake acquisition in Micro Life Sciences Pvt. Ltd, by South Elm Investments B.V., a Dutch investment holding company. The deal was valued at $210 million. The shareholders of South Elm Investments are private equity funds managed by Warburg Pincus LLC. Gujarat-based Micro...
Perfect Day Acquires India’s Sterling Biotech
Berkeley, California- headquartered food technology startup Perfect Day Inc., acquired Gujarat-based Sterling Biotech through the liquidation process, via an e-auction. Founded in 1985 the Indian company provides active pharmaceutical ingredients. It owns two manufacturing facilities - one in Gujarat and the other in Tamil Nadu. The facilities are outfitted for...