Hyundai Motor's Indian subsidiary is positioning India as a key global export hub, aiming to contribute up to 30% of the parent company's total exports by 2030. To support this vision, Hyundai plans to invest $5 billion in India over the next five years. Chief Executive Jose Munoz emphasized, "We’re...
India Invites IPEF Nations to Invest in Clean Economy Opportunity
Ministers from the 14 countries participating in the Indo-Pacific Economic Framework (IPEF) have agreed to collectively invest at least $120 billion by 2030 to promote renewable energy and energy storage technologies. This commitment was made during an online ministerial meeting held on March 14, as the IPEF member nations aim...
India’s Tata Group Plans for Semiconductor Fabrication Plant
Tata Group chairman Natarajan Chandrasekaran announced at the Vibrant Gujarat Global Summit on Wednesday that Tata is close to finalizing plans to build a new semiconductor fabrication plant in Gujarat's Dholera region this year. The plant construction will start in 2024 as part of Tata's negotiations with the state government....
India Considers Global Joint Ventures to Expand Electronics Manufacturing
Per the recommendations from Building India’s Export Competitiveness in Electronics–2025-26: From Assembly to Manufacturing Hub: Call to Action Report from the think tank National Council of Applied Economic Research, the Government of India has taken action. The report recommended that India soften rules on allowing investment from China if it...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....
South Korea's AmorePacific Expands Footprint in India
Having launched brands Innisfree and Laneige, South Korea's Amore Pacific Group introduced its third brand Etude House in the Indian market exclusively through beauty retailer Nykaa. "The Indian beauty market is growing by nearly 10 percent every year, and this fast growth is driven by millennial customers with increasing disposable...