India is becoming the factory to the world, especially in high tech products for aerospace, automotive, bio-pharma, electronics and medical devices. Wipro GE Healthcare is a 35-year-old joint venture between GE HealthCare and India's Wipro Enterprises. The JV is rolling out a $1 billion investment plan to expand its manufacturing...
Apple’s iPhone Maker to Expand its $10 billion investment in India
iPhone contract manufacturer, Taiwanese Foxconn, has made significant investments in India and plans to expand further, according to chairman Young Liu during his recent visit to the country. Liu revealed that the company has invested $10 billion in India so far and intends to increase this amount in the coming...
Foxconn to Invest $1.5 Billion in India
Apple supplier, Foxconn Technology, will invest more than $1.5 billion in an Indian construction project to fulfill its "operational needs," the company announced in Taiwanese security filings. According to one of the securities filings and Indian corporate records,the funds were made through a Foxconn subsidiary, Hon Hai Technology India Mega...
Toyota Expands Production Capacity in India
Japan's Toyota Motor plans to build a third car plant in India, expanding its manufacturing footprint in the country for the first time in over a decade. The world's biggest car maker wants the plant to start with capacity of 80,000 vehicles a year, which could grow to 200,000 over...
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...
India Records Highest Ever FDI Inflow
Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...