Toshihiro Suzuki, the President of Suzuki Motor Corporation (SMC), announced two major investments in the state of Gujarat. In the first one, Maruti Suzuki India Ltd has reached an understanding with the State of Gujarat for construction of a new automobile production plant. This new plant in Gujarat is aimed to start operation in FY2028-29.…
UNLEASH Capital Partners, Inc. (UNLEASH) announced the launch of its first fund, with a capital commitment of JPY 4.5 billion (approximately INR 250 crores). The fund will invest in promising early-stage companies that are at the forefront of tackling the wide-ranging challenges associated with financial inclusion in India, a statement said. UNLEASH is a group…
Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announces a multi-year initiative to invest approximately $300 million in expanding its operations in India, one of the world’s fastest-growing semiconductor industry hubs. “Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established…
Global Schools Foundation (GSF) Singapore, a not-for-profit foundation, plans to invest over US$500 million in India’s school education sector by Year 2026, as it continues its global expansion plan to serve more communities across Europe, the Middle East, India and Japan. Recognised as the world’s most awarded school network with more than 450 international awards…
Entrepreneur First, a global early-stage talent investing firm that helps entrepreneurs build startups from the pre-idea, pre-team stage. The global talent investor runs programmes across Europe, Asia and North America that enable exceptional individuals to meet like-minded co-founders, develop startup ideas, build businesses from scratch and secure funding from leading investors. Entrepreneur First was established…
CBAK Energy Technology, Inc. (CBAK Energy), a leading lithium-ion battery manufacturer and electric energy solution provider in China, announced that its wholly owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”), has entered into a strategic partnership agreement with Welson Power, a China-based new energy company with a global network in over 20 countries. According to the agreement,…
Integrated business-to-business (B2B) sales intelligence and engagement platform, Apollo.io, said it will invest over $30 million in India over the next two years, according to ETtech report. It will open its first office space in India, in Bengaluru, to house a growing R&D team, and hire over 100 R&D engineers in the coming months, the…
Westlife Development, the owner and operator of McDonald’s restaurants in the west and south of India, announced its growth plans for the next few years. The company is celebrating its 25 years in India. Vice-Chairman Amit Jatia said that in the last 25 years, the company has made a significant mark in the country and…
Hisense, a leading global consumer electronics and appliance manufacturer, has announced its expansion plans for the Indian market including setting up a local manufacturing plant and expanding their product portfolio with upcoming launches this year. Talking about future investment plans in India, Rishi Tandon, COO, Hisense India, said, “Hisense entered the Indian market last year and…
EV manufacturer Okinawa Autotech has plans to invest Rs 150 crore in setting up a new manufacturing unit in Rajasthan, and roll out fresh products as it sets a target of selling 1 lakh units in the next fiscal year, according to a top company official. Okinawa Autotech was established in 2015 with a goal…
Fiat Chrysler Automobiles (FCA), a global company that designs, engineers, manufactures and sells vehicles and related parts, services and production systems worldwide, has announced the investment of $150 million to set up a new Global Digital Hub in Hyderabad. The facility FCA ICT India is the company’s largest Digital Hub outside of North America and…
WeWork Global, a US-based commercial real estate company that provides shared workspaces for technology startups and services for other enterprises, announced that it has bought 20% stake in WeWork India, a fully-owned subsidiary of Bengaluru-based estate developer Embassy Group, for $100 million. The investment is in line with the Company’s plan to scale up its…
GCMMF(Gujarat Cooperative Milk Marketing Federation), which markets dairy products under the Amul brand, announced that it will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs 500 crore on facilities for new products like edible oil, its MD R S Sodhi said, according to the…
The Asian Infrastructure Investment Bank, a Beijing-based multilateral development bank with a mission to improve social and economic outcomes in Asia, announced that it has approved a $750 million loan to India to assist the government to strengthen its response to the adverse impacts of the COVID-19 pandemic on millions of poor and vulnerable households.…
Mahindra Group Chairman Anand Mahindra recently announced that he has invested $1mn in Gurugram-based tech startup Hapramp. The three-year-old startup works on various technologies like social networking and blockchain. The investment from Mahindra ends his two-year-long quest in finding an Indian startup working in the field of social media. After the Facebook-Cambridge Analytica scandal in…