A partnership between Mumbai-based Tata Consultancy Services (TCS) and the Texas- and San Francisco- headquartered private equity firm TPG will build a critical Artificial Intelligence (AI) data center infrastructure in India. Salient features of the collaboration: Investment Secured: Tata Consultancy Services (TCS) has secured a $1 billion investment from private equity...
On 2nd Trip to India Texas Governor Takes 16 Companies to Boost Trade
Governor Greg Abbott of Texas returned from a productive economic development mission to India organized by the Governor's Economic Development & Tourism Office and the Texas Economic Development Corporation. The Texas delegation also included business and economic development leaders from across the state, representing more than 16 companies, communities, and...
Italy’s Arduino to Manufacture Electronics in India
Arduino, an Italian open-source hardware company best known for its Raspberry Pi microcontroller boards, is considering manufacturing in India to curb counterfeiting and meet rising demand. This move will mark a major shift from its current practice of manufacturing all boards in Italy. CEO Fabio Violante said Arduino may partner with...
NVIDIA works to support AI in India
Santa Clara-based NVIDIA and Mumbai-based Reliance Industries announced a collaboration to develop India’s own foundation large language model trained on the nation’s diverse languages and tailored for generative AI applications. The companies will also work together to build an AI infrastructure that is “over an order of magnitude more powerful...
U.S. to Ease Visas for Skilled Workers from India
The Biden administration will make it easier for Indians to live and work in the United States. As part of a pilot program (first reported by Bloomberg Law in February) the State Department may announce as soon as Thursday that a small number of Indians and other foreign workers on...
Boeing expands India Outsourcing
With the aim of hiring employees for roles in engineering, manufacturing, and product development, plane maker Boeing said that it will cut 150 finance jobs in the U.S., with more to come next year, to simplify its corporate structure. The company informed the nonunion corporate staff in an all-hands virtual...