Nestle's India achieved double-digit growth in the last year, leveraging existing capabilities and investing in new opportunities to create long-term value. India has become the largest market for Nestle's Maggi globally, with six billion servings of the product sold in the financial year 2023-24. For the chocolate wafer brand, Kit...
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...
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...
India’s Air Mobility Startup Bumble Bee Raises $37 Million
Bangalore-based Bumble Bee Flights raised $37 million from U.K.-based technology conglomerate SRAM & MRAM Technologies and Resources. Serial entrepreneur Arjun Das founded the company earlier this year. Das previously co-founded video analytics platform Nymo Technologies. With the new investment, the company aims to set up an assembly plant in the east Indian...
Abbott and "Malaria No More" Partner to Combat Malaria in India
Chicago, Illinois-headquartered Abbott is supporting a partnership between the government of India's eastern state of Odisha and Malaria No More, a Seattle-based nonprofit organization that aims to eradicate malaria in the world. Abbot has provided technology, expertise, and funding support to advance efforts to end malaria in the state. The...
Cargill Develops its Aqua Feed Business in India
Minnesota-based Cargill opened its first feed plant in the city of Vijayawada, in the southern state of Andhra Pradesh, dedicated to fish species in India, enabling fish farmers across the country access to high-quality feed this year. The company has invested more than $10 million in the plant. "India presents...