Foreign investment updates about India
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Indian auto component leader Sona BLW Precision Forgings Ltd. (Sona Comstar) has opened a new manufacturing plant in Silao, Mexico, specifically focused on producing driveline solutions for Battery Electric Vehicles (BEVs) in North America. This strategic expansion strengthens Sona Comstar's position as a critical player in the EV
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German technology consulting company, Rohde & Schwarz, has unveiled a state-of-the-art facility in Bengaluru, India, marking a significant step forward in their presence within the country. Located in Manyata Tech Park, this new center signifies Rohde & Schwarz's dedication to the Indian market and aligns with the government&
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Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, has unveiled its brand new office space in Bengaluru’s Embassy Manyata Business Park. Spanning a massive 250,000 square feet, this state-of-the-art facility signifies Kyndryl’s dedication to the Indian market and its vision for the future of
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WSO2, a global leader in open-source API management, integration, and identity and access management (IAM) solutions, has announced the expansion of its presence in India with the opening of a new office in Bengaluru. This strategic move strengthens WSO2's global network, complementing existing teams in Sri Lanka, Brazil,
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The Nemetschek Group, a leading software provider for architecture, engineering, construction, operation, and media (AEC/O) industries, has announced the opening of a new office in Mumbai, India. This marks their second location in the country, building upon their existing shared services, development, and research center in Hyderabad. For the
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On April 15, 2024, Honda marked a milestone with the groundbreaking ceremony of its new state-of-the-art spare parts warehouse in Doddaballapura, Bengaluru, Karnataka. This initiative is overseen by Honda Cars India and aims to bolster spare parts operations across its business divisions, including Honda Cars India, Honda Motorcycle & Scooter
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Tata Consultancy Services (TCS), a leading global provider of IT services, consulting, and business solutions, announced the opening of a new delivery center in Londrina, Paraná, Brazil on 15 April 2024. Boosting Job Creation and Innovation The new center is expected to generate over 1,600 new jobs in Londrina
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The Ascott Limited (Ascott), CapitaLand Investment Limited's lodging business unit, has announced the grand opening of Citadines Paras Square Gurugram. This marks Ascott's exciting debut in North India. Designed for business travelers seeking a blend of comfort and exceptional service, Citadines Paras Square Gurugram boasts a
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Cybersecurity leader eSentire has expanded its global footprint with the launch of a new Technology Innovation Center in Bengaluru, India. This move strengthens eSentire's access to a talented pool of engineers specializing in cybersecurity, generative AI, and low-code automation. The center's primary focus is accelerating the
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According to a press release, the BMW Group and Tata Technologies, a global leader in product engineering and digital services, have inked a deal to establish a joint venture (JV) aimed at creating a software and IT development hub in Pune, Bangalore, and Chennai, India. While the primary development and
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Leading Germany insurance and assistance company, Allianz Partners, has become the first foreign reinsurer to establish operations in the International Financial Services Centre (IFSC) GIFT City in Gandhinagar. This expansion marks a significant milestone for Allianz Partners and India's insurance sector. The company's IFSC Insurance Office
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According to a Financial Times report, Tesla is sending a team to India this month to explore potential locations for a new electric vehicle (EV) manufacturing plant with a potential investment of US$ 2 to 3 billion. The electric vehicle giant is eyeing states like Maharashtra, Gujarat, and Tamil Nadu
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VinFast, a leading Vietnamese electric vehicle (EV) manufacturer, celebrated a major milestone by breaking ground on its first integrated EV manufacturing facility in India. Located in Thoothukudi, Tamil Nadu, the project signifies VinFast's commitment to global green transportation and is expected to create significant economic benefits for the
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PepsiCo India announced a significant INR 1,266 crore investment to establish a state-of-the-art flavour manufacturing facility in Ujjain, Madhya Pradesh. This move reinforces their commitment to expanding operations in India and aligns with the "Atmanirbhar Bharat" (Self-reliant India) vision. Key Highlights * The 22-acre facility will significantly increase