US - India Relations

US-based Morgan Stanley has opened its new global capacity centre (GCC) in Mumbai

The 1-Mn square feet office is located at Commerz III, International Business Park, Oberoi Garden City in Goregaon. The new office will consolidate Morgan Stanley’s global centre operations in Mumbai in one campus, accommodating over 8,500 staff.

Gainwell Commosales ties up with US-based Etnyre International to produce infra maintenance equipment

Gainwell Commosales has partnered with US equipment manufacturer Etnyre International to produce machines for the growing infrastructure maintenance needs in the country. These machines made in India adhering to international standards will be used domestically, and will also be exported to various countries, demonstrating India's manufacturing capabilities and reducing its reliance on imported capital goods.

Amazon to invest additional $15 Bn to India

Amazon plans to more than double its investment in India in the next seven years to add to the $11 Bn it has poured in the country – which remains one of its key overseas markets despite the recent closure of several of Amazon’s businesses in India – to date.

Google announces $10 Bn investment in India’s digitisation fund

Google announces $10 Bn investment in India’s digitisation fund, to boost the country’s digitisation drive and fintech potential. Mr. Pichai added that the investment in India will focus on artificial intelligence including the development of technologies that support Indian languages. The company is also planning to introduce Bard, Google’s AI-powered voice assistant to more Indian languages shortly.

Google marked its first investment in India’s space-tech sector, leading a $36 Mn Series B funding round in Bengaluru-headquartered space-tech startup, Pixxel. 

US semiconductor toolmaker Applied Materials announced its plans to invest $400 Mn over the next four years in a state-of-the-art engineering centre in India.

PM Modi extended an invitation to Applied Materials to strengthen India's chip industry, leading to this significant investment. Applied Materials' new engineering centre is expected to be located near its existing facility in Bengaluru. The centre is projected to support over $2 Bn in planned investments and create around 500 advanced engineering jobs.

AWS commits $12.7 Bn investment in Indian Cloud Infrastructure, plans to create over 130,000 jobs

Amazon's cloud computing unit, Amazon Web Services (AWS), has revealed its intention to invest $12.7 Bn in cloud infrastructure in India by 2030. The aim is to meet the increasing demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent jobs annually in Indian businesses.

Adobe expands operations in India with new office tower in Bengaluru

Adobe announced the opening of an office tower in Bengaluru, which will house over 2,000 employees and is next to Adobe’s existing Prestige Platina Tech Park campus in Bengaluru.

Align Technology opens Innovation Centre in Hyderabad

Align Technology, a medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, intraoral scanners, and CAD/CAM software for digital orthodontics and restorative dentistry, announced the opening of its Align Innovation Centre (AIC) at Salarpuria Sattva Knowledge Park in Hyderabad.

UPS to invest $15-20 Mn in technology centres in India, aims to hire 1,000 employees by end of 2025

UPS, a global shipping and logistics company announced that they are making investments to the tune of $15-20 Mn towards building new technology centres in India. The first centre will come up in Chennai and be ready in 2023. 

SGD Pharma and Corning to construct $60 Mn Indian pharmaceutical glass packaging facility

Corning Incorporated is collaborating with SGD Pharma to set up a pharmaceutical glass packaging facility in Telangana state India. Both companies will jointly invest INR 500 Cr to set up the facility, with the first production scheduled for Q1 2025. The intended project has the potential to create nearly 150 jobs in the Mahabubnagar District of Telangana.

Bristol-Myers Squibb to set up $100 Mn S&T Innovation Centre in Hyderabad

Bristol-Myers Squibb has decided to set up a science and technology innovation centre with an investment of $100 Mn in Hyderabad to expand its global drug development and digital innovation capabilities.

Boeing announces logistics centre for aircraft parts in India

US aircraft manufacturer Boeing has unveiled plans to set up a new logistics centre in India ahead of a significant order from Tata Group-owned Air India. The new centre will focus on increasing the availability of spare parts to domestic air carriers, thereby reducing flight cancellations due to maintenance. Also, Boeing Set to build $200 Mn R&D Campus in Bengaluru.

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.

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

Triton Electric Vehicle Pvt. Ltd. will invest INR 2,100 Cr in Telangana to set up its new manufacturing unit. The 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.

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

MemryX Inc. opens R&D center in Bangalore, India - advancing simple and scalable processing solutions for Edge AI

MemryX Inc., a pioneering startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced today it has opened an engineering center in Bangalore, India.

Crane Inaugurates Its New Engineered Check Valves Facility in Satara, Maharashtra

Crane (NYSE CR) announced the inauguration of its new Engineered Check Valves factory in Satara, Maharashtra. The new facility holds direct employment for approximately 100 associates, who support the requirements of a variety of industries within the chemical processing, oil and gas, petrochemical, and energy sectors including renewable energy, and other emerging markets, such as hydrogen production.

Lam Research opens Centre for Engineering in Bengaluru for R&D in wafer fabrication hardware, software

Lam Research, a US-based semiconductor equipment provider, has opened a new India Centre for Engineering in Bengaluru to carry out research and development, engineering, and testing of wafer fabrication hardware and software used in the creation of memory components such as DRAM, NAND, and logic technologies.

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 Cr in Sanmina's existing Indian entity (Sanmina SCI India).
 

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.

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 Mn in the next two quarters as part of its growth strategy. 

US-based Cion Digital plans to invest INR 50 Cr in India

US-based SaaS blockchain orchestration platform Cion Digital said that it was setting up its first office and R&D center in Pune. The company will invest INR 50 Cr and plans to hire over 100 engineers with expertise in blockchain technology this year.

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.

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 Cr to develop industrial, logistics, and warehousing parks across key cities in India.
 

Boston based company Thrasio has announced its entry in India

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

San Francisco-based AI/ML cloud platform Abacus.AI plans to invest $50 Mn in India

San Francisco-based AI/ML cloud platform Abacus.AI has set up an R&D division in Mumbai and plans to invest $50 Mn in India over the next 3 years.

Amway will be investing $20 Mn in India

American company Amway which sells brands like Nutrilite and Artistry in India will be investing 20 Mn in India out of its total 300 Mn global investment. The investment will be used in boosting research and development, manufacturing automation, innovation, and science and strengthen digital capabilities in India which is one of the key markets. 

IDEX Corporation plans to expand its operations in India by investing INR 500 in Gujarat Cr

IDEX Corporation which is based in the US has announced its plans to expand its operations in India by investing INR 500 Cr in the next 5 years and is setting up a new factory at Sanand,Gujarat

E-commerce-focused logistics firm Xpdel plans to invest around $50 Mn in India

E-commerce-focused logistics firm Xpdel plans to invest around $50 Mn to expand business in India covering deliveries in 60% of the country's geographical area.

Fintech firm Biz2Credit plans to invest $100 Mn in India

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

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 Mn in Switch Mobility for 1% stake

Switch Mobility, with this agreement Dana becomes an important supplier to Switch, they will invest $18 Mn in the company, representing an approximate 1% stake. Dana will make a strategic investment in 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. 

Zenlayer plans to leverage $50 Mn for expansion of business

Cloud computing services firm Zenlayer plans to leverage $50 Mn that it closed recently for expansion of business in emerging markets, including India.

McDonald's restaurants is planning to invest INR 100 Cr in India

Westlife Development owned - McDonald's restaurants is planning to invest INR 100 Cr to open up to 30 outlets of the quick-service restaurant brand in the current financial year.

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.