PepsiCo India anounced its ‘Partnership of Progress’ with the state of Assam in regard to its first foods manufacturing plant in Nalbari, Assam with an investment of Rs 778 crore (USD 95 Million). Spread over 44.2 acres, the state-of-the-art plant is proposed to be operational in 2025 and aims to provide direct and indirect employment […]
Swiss group Bühler is set to make a substantial investment of CHF 21 million (Rs 200 crore) over the next two to three years in India. The investment is part of the company’s strategic plan to enhance its manufacturing capabilities in the country and address the growing demands of a flourishing domestic market and customers […]
IT major HP is reportedly in talks for its application for the Production Linked Incentive Scheme 2.0 (PLI 2.0) which was recently revised by the Centre and has been receiving excellent response since then. HP’s PLI 2.0 participation was highlighted by a media report on Thursday which said the company is aiming to expand its […]
Urban Indian consumer sentiment has rebounded by 3.1 percentage points in August 2023, as reported by the Refinitiv-Ipsos India Primary Consumer Sentiment (‘Consumer Confidence’) Index (PCSI). The monthly PCSI result, which is driven by the aggregation of the four weighted sub-indices, has surged for all 4 sub-indices: The PCSI Economic Expectations (“Expectations”) Sub-Index has moved […]
According to a post on social media by V Lee, a representative of Foxconn India, the board of directors of FIT Hon Teng (Foxconn) have approved the investment of USD 400 million in Telangana. It may be recalled that the Taiwanese contract manufacturer is the largest supplier to Apple. Posting the company’s disclosure on his […]
Hon Hai Technology Group (or Foxconn) signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in the presence of Tamil Nadu Chief Minister MK Stalin on Monday. Giving this information, Tamil Nadu Industries Minister TRB Rajaa said in a tweet […]
With India trying to develop its semiconductor presence worldwide, Micron Technology CEO Sanjay Mehrotra’s update about the chip export pinned optimism towards the country’s Semicon ride globally. Mehrotra said the chips to be manufactured in Micron’s Gujarat facility will be shipped in India as well as abroad. The CEO was addressing an annual semiconductor conference […]
Procter & Gamble India will invest Rs 2000 crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The facility builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat. The new facility is situated across a 50,000 sqm area […]
Following Prime Minister Narendra Modi’s meeting with Micron CEO Sanjay Mehrotra, Micron Technology will invest USD 2.5 billion (INR 22,500 crore) to establish an ATMP (assembly, test, marking, and packaging) facility in Gujarat’s Sanand GIDC-II, the Gujarat government announced on Wednesday. Sanand GIDC is a highly industrialized zone in Gujarat, home to many national and […]
The retail business in India has expanded dramatically in recent years. Technological advancements are causing substantial changes in the Indian retail sector. The influence on retail jobs is apparent as automation, AI, and e-commerce gain pace. Whereas tech increases productivity and convenience, it also undermines conventional job positions, raising issues related to joblessness and the potential […]
