Tesla’s five-year pursuit of manufacturing in India has ended. On May 19, 2026, India’s Minister of Heavy Industries, H.D. Kumaraswamy, confirmed that the automaker will not proceed with a local factory. The exit follows a prolonged deadlock over import tariffs. Tesla wanted lower duties to test the market with imported...
Afcons Infrastructure Wins Major Contract for India’s Newest Deepwater Hub
In a milestone for the planned Vadhvan Port project near Mumbai, Afcons Infrastructure, headquartered in Mumbai, secured the contract to construct a large offshore breakwater. The project is set to become India’s largest container port. Vadhvan Port enjoys a strategic advantage due to its proximity to Mumbai, India’s financial and...
U.S. Authorizes First-of-Its-Kind Nuclear Tech Transfer to India’s Private Sector
In a significant move for international energy cooperation, CORE Energy Systems, headquartered in Thane,on the outskirts of Mumbai, India, partnered with Irving, Texas,-based Flowserve Corporation to locally manufacture Primary Coolant Pumps (PCPs) for India’s nuclear power plants. This collaboration marks a first in U.S.-India energy relations, specifically regarding the transfer...
IKEA Targets 30 Stores and Export Dominance in India
IKEA, the world’s largest furniture retailer, is significantly accelerating its investment in India, designating it a "priority market" for long-term growth. Despite global sales dropping to $51.7 billion in FY2025 from $52 billion the previous year, the company's Indian operations saw a 6% revenue increase and a 10% improvement in...
Universal Music Group Invests $90M for Stake in India’s Entertainment Sector
Universal Music Group (UMG), the Dutch -American music corporation with headquarters in the Netherlands and in Santa Monica, CA, has reached a definitive agreement to acquire a 30% stake in Excel Entertainment, an Indian film and digital content studio. UMG will pay $90 million for the stake, a deal that...
Reliance JV Fuels India’s Digital Ambitions
Digital Connexion, a joint venture between Reliance Industries, Brookfield Corporation, and Digital Realty, announced plans to invest $11 billion in building a 1-gigawatt AI-native data center campus in India. Scheduled for completion by 2030, the project represents one of the largest single data center investments in the country, underscoring India’s determination...