Foreign investment updates in emerging markets
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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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TrinaStorage Enters Latin America with New Office in Chile TrinaStorage, a leading global provider of energy storage solutions, has inaugurated an office in Chile, choosing Chile as its launchpad for entering the Latin American market. This strategic move aligns with Chile's ambitious clean energy goals, including the recently
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Henkel, a renowned global leader in adhesives, has announced the construction of an Inspiration Center dedicated to adhesive technologies in Brazil, highlighting Henkel's commitment to fostering innovation and collaboration within the Brazilian market. The Inspiration Center will serve as a central hub for showcasing Henkel's latest
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According to Yondr Group's news release, the leading global developer of hyperscale data centers has successfully energized its first campus in Malaysia. This significant milestone marks a key step towards delivering critical IT capacity to the region. Located in Johor's Sedenak Tech Park, the campus boasts
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Nvidia, a leading artificial intelligence (AI) technology company, has announced a significant collaboration with Indonesian telecommunications giant Indosat Ooredoo Hutchison to build a $200 million AI center in Indonesia. This strategic partnership reflects Nvidia's growing focus on the Southeast Asian market and its potential for AI development. According
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Neways, a leading innovator in mission-critical technology, has announced the construction of a new state-of-the-art manufacturing facility in Klang, Malaysia. This strategic expansion bolsters Neways' global footprint and service capabilities for its extensive clientele. The facility, expected to open in Q4 2024, is projected to create over 200 new
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According to a Reuters report, PepsiCo, a leading U.S. food and beverage company, has pledged an additional $400 million investment in Vietnam. This significant commitment will support the construction of two new manufacturing facilities powered by renewable energy sources. The $400 million will be divided between a beverage factory
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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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South Korean textile giant Hyosung TNC is making a major push into sustainable materials with a $1 billion investment in Vietnam. The company plans to build a factory capable of producing 200,000 tons of Bio-BDO (Butanediol) annually, a key raw material for eco-friendly textiles. Focus on Sustainability Hyosung TNC&
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Chinese automaker Chery International and Vietnamese conglomerate Geleximco Group have joined forces to establish a new automobile factory in Vietnam. The signing ceremony, held on 4 April 2024, marks a significant step for both companies and the Vietnamese automotive industry. The $800 million factory, to be located in Thai Binh
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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
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UiPath, a leading enterprise automation and AI software company, has announced significant investments in Saudi Arabia to support the Kingdom's digital transformation journey. This commitment includes opening a new office in Riyadh, launching the Saudi School of Automation, and showcasing its latest AI-powered automation solutions at LEAP 2024.
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Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for cooperation in vehicle manufacturing and renewable energy development. As part of the agreement, Toyota will establish a vehicle manufacturing plant in Kenya, with an initial investment of Ksh 800 million pledged towards the Kenya Thika vehicle manufacturers.
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Moderna, a leading biotechnology company specializing in mRNA therapeutics and vaccines, has finalized an agreement with the Government of Kenya to establish an mRNA manufacturing facility in the country, marking its first such facility in Africa. This partnership aims to provide Kenya and the African continent access to mRNA vaccines,
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Sulzer, an industrial leader in fluid engineering, recently celebrated the grand opening of a new pump test and assembly center in Mexico City. This state-of-the-art facility sits next to their existing pump manufacturing plant and boasts impressive features designed to meet the growing demand for infrastructure projects across the Americas.