US - India Relations

Hiranandani Group and US-based private equity firm Blackstone Group's joint venture

Realty major Hiranandani Group and US-based private equity firm Blackstone Group's joint venture, GreenBase, is planning to invest over 3,000 crores to develop industrial, logistics and warehousing parks across key cities in India.
 

Fintech firm Biz2Credit plans to invest $100 mn in India

Fintech firm Biz2Credit plans to invest $100 million in India over the next 5 years on research and development as well as expanding operations.
 

Global real estate investment and development player, Hines

Global real estate investment and development player, Hines, has planned to scale up its India exposure with a plan to raise the India-dedicated fund worth $500 million in the next two quarters as part of its growth strategy. 

Warburg Pincus has agreed to invest $210 mn for a significant minority stake in Micro Life Sciences Private Limited

Warburg Pincus has agreed to invest $210 mn for a significant minority stake in Micro Life Sciences Private Limited, parent organization of Meril group of companies, India's largest medical devices company, both the companies said in a statement.

CPP Investments will invest about INR 2,650 crore into the JV to help acquire and develop projects

Canada Pension Plan Investment Board (CPP Investments) and Bengaluru-based RMZ Corp said they have formed a second joint venture to develop and own commercial office space in India. CPP Investments will invest about INR 2,650 crore into the JV to help acquire and develop projects.
 

Boston based company Thrasio has announced its entry into India by acquiring the majority stake in Gurugram

Boston based company Thrasio has announced its entry into India by acquiring the majority stake in Gurugram-based consumer appliances brand, Lifelong Online
 

US-based contract manufacturer Sanmina Corporation and Reliance Strategic Business Ventures Limited (RSBVL) have signed up for a joint venture

In a boost to electronics manufacturing in Tamil Nadu, US-based contract manufacturer Sanmina Corporation and Reliance Strategic Business Ventures Limited (RSBVL) have signed up for a joint venture. Under the JV, Mukesh Ambani's RSBVL will invest around Rs 1,670 crore in Sanmina's existing Indian entity (Sanmina SCI India).
 

Triton Electric Vehicle Pvt. Ltd. will invest INR 2,100 crore in Telangana

Triton Electric Vehicle Pvt. Ltd. will invest INR 2,100 crore in Telangana to set up its new manufacturing unit. Company will employ more than 25,000 persons and produce 50,000 vehicles over the first five years, including semi-trucks, sedans, luxury SUVs, and rickshaws.

Google will invest $ 1 bn in partnership with Airtel

Google will invest $ 1 bn in partnership with Airtel to improve connectivity in India with a special focus on 5G and affordable smartphones, the two companies said in a joint statement on Friday.

Global asset manager Blackstone Group Lp has set up a logistics vertical 'Horizon Industrial Parks' in India

Global asset manager Blackstone Group Lp has set up a logistics vertical 'Horizon Industrial Parks' in India that will house its existing assets, and which will be scaled up through acquisitions and greenfield developments.

Microsoft has begun work on its largest and fourth data centre in India, in Hyderabad.

The US-based company will invest about INR 15,000 crore over the next 15 years to build the data centre.

AFL Hyperscale and SASMOS HET Technologies collaborate to develop data centre products

Data centre network cabling and connectivity firm AFL Hyperscale and SASMOS HET Technologies have formed a strategic collaboration to offer enterprise data centre products for Indian customers. SASMOS HET established a fibre optic facility in Bengaluru as part of this partnership. With AFL’s global expertise, SASMOS will provide ‘Made in India’ products and engineering solutions.

Ohmium International launches India’s first green gigafactory

Ohmium International, a US-based renewable energy start-up, launched India’s first green hydrogen electrolyzer gigafactory at Bengaluru through its India subsidiary. The gigafactory will manufacture India-made Proton Exchange Membrane (PEM) hydrogen electrolyzers with an initial manufacturing capacity of about 500 MW per year and will scale it up to 2 GW per year.

Dana to invest $ 18 million in Switch Mobility for 1% stake

Switch Mobility, with this agreement Dana becomes an important supplier to Switch, they will invest $ 18 million in the company, representing an approximate 1% stake. Dana will make a strategic investment of electric drivetrain components for the company’s e-bus and EV stake inverters, software and controls, and electronics cooling.

Yondr enters JV with Everstone to invest in data centers

Yondr Group, a United States based data centre major has formed a Joint Venture with Singapore based Everstone to invest $1 bn to develop and operate data centres across multiple locations in India, including Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai and Delhi-National Capital Region. 

Cavli Wireless partners GCT Semiconductor to manufacture LTE, 5G IoT modules in India

US-based Cavli Wireless has partnered with GCT Semiconductor, another US-based company, to license chipsets and manufacture LPWAN, LTE, and 5G IoT modules in India. It will be the first-ever wireless communication module to be designed and manufactured in India and will be used to power IoT applications.

MassMutual invests in 1.50 lakh sq.ft. global capability centre (GCC) in Hyderabad

U.S. life insurer Massachusetts Mutual Life Insurance Company, also known as MassMutual, is setting up a 1.50 lakh sq.ft. global capability centre (GCC) in Hyderabad with an estimated investment of INR 1,000 crore.

Baxter to set up global R&D headquarters in Ahmedabad

Baxter, a United States-headquartered pharmaceutical giant, will invest around Rs 100 crore to set up its global research and development (R&D) headquarters in Ahmedabad

Salesforce’s first India investment is in cloud startup Darwinbox

Salesforce's venture arm is leading a $15 mn financing round for Darwinbox, a developer of human resources software that serves several of Asia’s largest tech startups. It is Salesforce's first investment in India and its only investment in Asia outside of Japan.

Tesla registers its Indian entity in Bengaluru

Palo Alto-based electric vehicle manufacturer Tesla Inc has registered its Indian entity in the name of Tesla India Motors And Energy Private Limited in Bengaluru Karnataka

Honeywell invests in Trinity Mobility

Global technology company Honeywell announced a strategic investment in India-based software company Trinity Mobility Private Limited to expand its smart cities capabilities by providing access to Trinity’s Smart City solutions.

Amazon Web Services invests in Telangana

Amazon Web Services to invest $2.77 bn in Telangana to set up its second data centre region in India. It will be operational by mid-2022.

Wistron begins assembling iPhone SE in Karnataka facility

Wistron, Apple's Taiwanese manufacturer has commenced assembly of iPhone SE in its Bengaluru factory. Wistron has manufactured iPhone models 7, 6S and first-generation SE in its Indian factories. In May 2020, Wistron also announced plans to invest $165 mn to expand its Bengaluru facilities 

Microsoft to open a 4000-employee campus in Uttar Pradesh

Microsoft India in a virtual agreement has agreed to bring its next campus of 4,000 employees in Greater Noida.

Cargill to invest $160 mn in the next three years

Google will be opening research lab in Bangalore focused on artificial intelligence (AI) and its applications in India

Google has announced that it is setting up a research lab focused on artificial intelligence (AI) and its applications in India. Google's Bengaluru based AI lab will focus on the advancement of Computer Science research in India, wherein it will focus on Machine Learning, Computer Vision, Languages, Speech, Systems

Amazon invests INR 2,800 cr in India

US online retail giant Amazon has invested INR 2,800 cr into its Indian operations to expand its presence within the country. It has invested in Amazon Seller Services which helps sellers establish an online presence.

PepsiCo to invest $ 70 mn to set up food manufacturing plant in UP

PepsiCo will invest $ 70 mn in a food manufacturing plant in Uttar Pradesh as part of its capacity expansion plans in the packaged foods market in India. PepsiCo will invest with its local bottling partner Varun Beverages leading towards a boost in manufacturing capacity and upgrade of cold storage facilities.

Mastercard to invest $ 1 bn to develop India as global tech node

Global card payments major Master Card will be investing $ 1 bn in India with the objective of establishing India as a global technology node. The investment will expand India's presence in technical services required for card payments.

Intel unveils new design house in India with INR 1,100 cr investment

Intel Corporation, the world's biggest chip-maker has invested INR 1,100 cr in a design house in Bengaluru. This facility known as the 'SRR4', will lead development across hardware and software.

Qualcomm invests $ 400 mn for setting up campus in Hyderabad

Leading technology innovator Qualcomm will be investing $ 400 mn for development of a campus in Hyderabad, which will be its 2^nd largest campus globally. This centre will lead R&D in electronics and semiconductors industry.