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...
Nestle India Increases Investment in India
Headquartered in the state of Haryana, Nestle India Ltd, the country's largest food company, is continuing to invest further into India. The Swiss multinational, which has been operating in India since 1912, is currently in an unprecedented capital expenditure cycle according to Suresh Narayanan, Chairman and Managing Director of Nestle...
Financial Times: India Now exports High Quality Whisky
India now accounts for almost one in every two bottles of whisky sold in the world. The country also recently leapfrogged France to become the world’s biggest market for Scotch according to a new article in the Financial Times of London India is also a major producer of whisky with...
Nihon Kohden to Build its Largest Manufacturing Facility in India
Model Economic Township or MET City, a wholly-owned subsidiary of Mumbai-based Reliance Industries said it was developing a world-class greenfield smart city near Gurugram, Haryana in the Delhi National Capital Region. In this industrial township, Tokyo-based manufacturer of medical devices Nihon Kohden Corporation will build its largest facility in India....
India-Based IGT Solutions Expands to Knoxville, TN
Gurugram, Haryana headquartered IGT Solutions that provides integrated Business Process Management, Technology, and Digital Services & Solutions across industries, will invest $3.9 million to expand its operations in Knoxville, Tennessee. The project is expected to create 200 new jobs. This project will comprise an inbound call center and a technology...
India Nutraceuticals Grow at Double Digit Rates
The nutraceuticals market in India is expected to grow to $18 billion by the end of 2025, according to a report in the Times of India, the largest circulating English language newspaper in the country. Currently, the Indian market imports $ 2.7 billion worth of nutraceuticals. The dietary supplements segment...