In 2024, the healthcare sector in India was abuzz with the merger of Aster DM Healthcare and Quality Care India Limited (QCIL), backed by Blackstone, resulting in an entity valued at $5.08 billion. This merger gave birth to Aster DM Quality Care, catapulting it to the position of the third-largest...
India Floats Global Bids for 114 Fighter Aircraft
India is preparing to re-launch a significant military procurement initiative this year, seeking bids for 114 multi-role fighter aircraft. The initiative comes at a crucial time for the Indian Air Force , which has seen its fighter squadrons decline to 31 from the required strength of 42. This reduction is concerning...
Reliance Industries Plans World’s Largest Data Center in India
Reliance Industries, led by Mukesh Ambani, aims to build the world's largest data center in the city of Jamnagar, Gujarat, to strengthen its AI push in India. The proposed facility is set to have a capacity of three gigawatts, significantly surpassing Microsoft's current largest 600-megawatt site in Virginia. This ambitious...
NXP Semiconductors to Invest $1B in India, Expand R&D
Dutch company NXP Semiconductors, announced plans to invest $1 billion in India, aiming to double its research and development efforts in the country. This move aligns with India's ambition to establish itself as a significant player in the semiconductor industry. CEO Kurt Sievers made this announcement at the Semicon India...
India Cuts Import Duty on Mobile Phones
India has announced a reduction in import duty on mobile phones and key components from 20% to 15%, a move that will benefit smartphone manufacturers. This decision, presented by Finance Minister Nirmala Sitharaman in the Fiscal 2025 annual budget, aims to serve consumer interests by lowering taxes on mobile phones,...
India Reviews $21 Billion in Semiconductor Proposals
The Indian government is reviewing investment proposals totaling $21 billion to boost chip manufacturing in the country. According to a Bloomberg report, the proposals encompass diverse ventures from both Indian conglomerates and international players. Israel's Tower Semiconductor has proposed a $9 billion chip plant in Gujarat. Its proposed plant may...