" $50 billion. It's a big number," said Jean Eric Salata, chairman of EQT Group, according to The Economic Times. "It's a much bigger number than what I would have told you 24 months ago because of the significant capital intensity of the data center and energy businesses." Salata made...
Nvidia Bolsters India’s Startup Ecosystem
Chipmaker Nvidia is deepening its involvement in India, the world’s third-largest startup ecosystem. It has joined the India Deep Tech Alliance (IDTA) as a founding member, aligning with a group of private equity and venture capital investors who have pledged $2 billion toward deep tech investments. Deep tech encompasses emerging...
Accenture Expands Further in India
Accenture is planning a significant expansion in India with a new campus in Visakhapatnam, Andhra Pradesh, potentially creating 12,000 new jobs. The consulting and technology services firm has requested approximately 10 acres of land in Visakhapatnam for the proposed campus. While final approvals are pending, state officials have expressed strong...
OpenAI To Build 1 GW AI Data Center in India
OpenAI is reportedly planning to build a massive 1 GW data center in India, marking its largest expansion in Asia as part of the $500 billion Stargate infrastructure initiative. The project, a joint venture of OpenAI, SoftBank, Oracle, and MGX, was announced at the White House earlier this year. SoftBank...
Andhra Pradesh to Set Up First Medical Device Park
India's eighth largest state of Andhra Pradesh situated in the southeastern part of the country, is moving forward with a first medical device park in Asia dedicated to manufacturing medical devices. The park will span 226 acres at Visakhapatnam, the state's largest city. India's state-cabinet has approved funding of the Andhra Pradesh...
Reliance Defense, India, to Set Up Shipyard for Building Subs
Reliance Defense, a subsidiary of one of India’s largest private sector firms Reliance Infrastructure, disclosed plans to build a shipyard on India's east coast to build nuclear submarines and aircraft carriers. The company has entered into a memorandum of understanding with the government of the eastern state of Andhra Pradesh...