PLI Investments: Gujarat, Karnataka, And Tamil Nadu Emerge As Leading Beneficiaries With Total Share Of 72 Per Cent

The expansion of India's production-linked incentive scheme is expected to attract investments worth Rs 1.28 lakh crore in nine major sectors, with Gujarat, Karnataka, and Tamil Nadu being the primary beneficiaries.

swarajyamag.com

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8/2/2023

Foxconn to invest $600M in Karnataka for iPhone components, chip-making tools projects

Main topic: Foxconn's investment in chip-equipment manufacturing and casing components for iPhones in Karnataka, India. Key points: 1. Foxconn will invest $600 million in two projects in Karnataka for chip-equipment manufacturing and casing components for iPhones. 2. The Taiwanese company signed a letter of intent with the Karnataka government. 3. The projects will create 13,000 jobs in the state. 4. Foxconn has partnered with Applied Materials on the semiconductor manufacturing project. 5. This investment follows Foxconn's deal with the state of Tamil Nadu to invest $194 million in a new electronic components manufacturing facility. 6. India has been attracting global manufacturers and suppliers with incentives to become a global semiconductor and hardware manufacturing hub. 7. Other companies, such as Micron and Apple, have also announced investments in India's semiconductor industry. 8. A previous joint venture between Foxconn and Vedanta ended, but Foxconn remains committed to India and will apply for incentives.

8/28/2023

Reliance has invested $150bn in last 10 years; Ambani scions appointed as board directors; JioAirFiber to be launched on Sept. 19: Key points - Times of India

Reliance Industries, led by Mukesh Ambani, has invested $150 billion in the past decade, making it the largest investment by any Indian corporation, with a focus on transforming India into a premier digital society through initiatives such as Jio 5G and AI-powered solutions.

9/7/2023

India's L&T sees share of private orders settle at a third but remain below peak

India's largest capital goods company, Larsen & Toubro (L&T), expects private sector projects to contribute about a third of its orderbook as investment activity increases, but this is still below the historical peak of 40%, according to CFO R. Shankar Raman.

9/13/2023

Reliance Retail in Talks to Raise $1.5 Billion More from Sovereign Funds

Reliance Retail, India's largest retailer, is in talks with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, for approximately $1.5 billion in new investments as part of its plan to raise $3.5 billion by the end of September at a valuation of $100 billion.

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Posted 9/1/2023, 10:08:22 AM