India is the largest consumer of whisky in the world and Scotch whisky has become less expensive in parts of India since the India-UK trade agreement took effect on July 15. Mint, called it the first price drop since the agreement and said prices fell 10% to 15% in states...
Adani Group sets Ambitious Nuclear Target as it Launches Civil Nuclear Sector
Adani Group is positioning itself to become a leading private-sector nuclear power developer, outlining plans to build up to 10 gigawatts (GW) of nuclear capacity by 2035. The move follows India’s decision to open its civil nuclear sector to private and foreign investment as part of a broader push toward...
India Approves $750 Million Investment to Bolster Electronic Component Ecosystem
India's Ministry of Electronics and Information Technology (MeitY) recently approved 29 proposals for electronic component manufacturing, representing a total investment of over $750 million. The initiative is part of a push to expand India’s domestic production capacity to $500 billion by fiscal year 2031. Key Projects and Beneficiaries The approved...
India to Manufacture Semiconductor Chips for U.S. Armed Forces
Prime Minister Modi, who was in the U.S. to attend the Quad meeting, met President Biden at his residence in Delaware. "The two leaders hailed a watershed arrangement to establish a new semiconductor fabrication plant focused on advanced sensing, communication, and high-voltage power electronics for national security, next generation telecommunications,...
Canada’s My Health Centre, India’s UP Government Ink $266 Million Deal
Ahead of a Global Investors Summit to be held in India's northern state of Uttar Pradesh from February 10 to 12, 2023, the state's Chief Minister Yogi Adityanath has sent teams to cities in Germany, UK and Canada to invite overseas investors to the Summit. The delegation held a road show...
PepsiCo Inaugurates its Largest Foods Plant in India
Purchase, Harrison, NY-based food and beverage major PepsiCo, commissioned its largest greenfield foods plant in India's northern state of Uttar Pradesh. Built at a cost of $130 million the foods plant marks Pepsico's largest single manufacturing investment in India The facility is spread across 29 acres in the town of...