SpaceX's Starlink is conducting final security tests in India, a mandatory step before launching its commercial broadband services in the country. These security tests are a crucial part of India's required security clearance process for all telecom operators. A key remaining regulatory hurdle is the final pricing framework for satellite...
India Expands Fast Track Entry at 13 Airports
India has broadened its Fast Track Immigration – Trusted Traveler Program (FTI-TTP) to include 13 major international airports, aiming to streamline the immigration process for both arriving and departing travelers. Originally launched in 2024, the program was first implemented at key metro hubs. FTI-TTP is designed to reduce wait times...
OpenAI To Build 1 GW AI Data Center in India
OpenAI is reportedly planning to build a massive 1 GW data center in India, marking its largest expansion in Asia as part of the $500 billion Stargate infrastructure initiative. The project, a joint venture of OpenAI, SoftBank, Oracle, and MGX, was announced at the White House earlier this year. SoftBank...
Iowa Delegation Embarks on Trade Mission to India
Governor Kim Reynolds of Iowa is leading an eight-day trade and investment mission to India, accompanied by a delegation of state officials and business leaders. The initiative, organized by the Iowa Economic Development Authority (IEDA) with support from the U.S. Embassy in Delhi and the U.S. Consulate in Mumbai, aims...
India’s Largest Port Project Seeks Major Debt Funding
The Vadhvan Port Project Ltd.,located a hours north of Mumbai is set to become India's largest port, plans to raise $3.6 billion in debt to fund its development. This initiative is a cornerstone of Prime Minister Narendra Modi's infrastructure overhaul. The project owners are seeking 15 to 20-year debt from both...
Shapoorji Pallonji Group Secures $3.4 Billion Credit
Mumbai headquartered Shapoorji Pallonji Group, a real estate and construction conglomerate, finalized a $3.4 billion private credit agreement. This marks the largest private credit deal of its kind in India to date. The agreement involves a three-year, zero-coupon rupee bond with an annual yield of 19.75%, and the proceeds will...