iPhone contract manufacturer, Taiwanese Foxconn, has made significant investments in India and plans to expand further, according to chairman Young Liu during his recent visit to the country. Liu revealed that the company has invested $10 billion in India so far and intends to increase this amount in the coming...
India to Invest $2 Billion in Uranium Mining
The Atomic Energy Commission of India has approved an investment of over $2 billion in thirteen new uranium projects as well as the expansion of an existing mining project at Jharkhand, a state located in the northeastern part of the country. C.K. Asnani, chairman and managing director of state-owned Uranium...
India Develops Fluorine-18 from Oxygen-18 for Cancer Diagnosis
India's Heavy Water Board, a unit of the state-owned Department of Atomic Energy (DAE), has developed a technique to isolate the rare isotope Oxygen-18 from the air, for use in the treatment of early stage cancer. A scientist at the Board said that water containing oxygen-18 is used to make fluorine-18...
Safran Builds Airplane Engine Factory in India
Safran S.A., French multinational aerospace-component and defense company's subsidiary Safran Aircraft Engines will build a new plant in Hyderabad, India, to make parts for the LEAP turbofan engine from CFM International, a 50/50 joint company between Safran Aircraft Engines and GE. "We're delighted to open a new chapter in our...
Canada's AMP Solar Buys the Rest of India's Rudra Solarfarms
Mississauga, Canada-based AMP Solar had acquired a 49 percent stake in Rudra Solarfarms Limited a subsidiary of Suzlon Energy based in Pune, India, in December 2016. The Canadian global developer of flexible clean energy infrastructure, has now acquired the remaining 51 percent stake in Rudra Solarfarms for $2 million. Rudra...
India Crosses 500 Million Internet Connections
By the end of September 2018, India recorded 56o million internet users marking 65% growth from 340 million connections in March 2016. According to a report from the Telecom Regulatory Authority of India 64% of the internet connections are from urban areas while 36% are from its rural regions. India's...