TECHNOLOGY INVESTMENT IN INDIA
After Japan and Korea, now Singapore: UP's big plan to build a foreign-style city near Noida airport; check location, sectors and investment plans
Uttar Pradesh is planning to develop a dedicated 'Singapore City' in Sector 7 near Noida International Airport at Jewar to attract foreign investment and boost regional growth. Following talks between Chief Minister Yogi Adityanath and a Singapore business delegation, the proposed project will focus on logistics, semiconductors, data centres, AI, green energy and modern urban infrastructure.
Unilever announces €35 million investment for R&D expansion in India’s Mumbai and Bengaluru hubs
Unilever announced a plan to invest an additional €35 million in its Indian research and development operations. The investment aims to enhance product innovation and biotechnology capabilities at its Mumbai and Bengaluru centers. Unilever has already invested €20 million over the past five years towards developing various research facilities in India.
Piyush Goyal holds talks with Danish minister to expand economic partnership
India and Denmark are actively exploring various opportunities to strengthen their economic engagement and partnerships. The discussions between Piyush Goyal and Martin Lidegaard emphasized collaborative efforts in trade, investment, and industrial cooperation. Approximately 250 Danish companies operate in India, employing over 100,000 individuals while showing strong interest in further investments. Cooperation in renewable energy and wind energy technologies has been a core focus of their partnership.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
Premji Invest goes big on strategic output & tech
Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about $200 million, according to the people. Separately, Premji Invest is in advanced talks to lead Hical’s first institutional funding round of $30-40 million, alongside TVS Capital.
India's solar manufacturing industry can generate 32 lakh jobs, attract $89 billion investment by 2047: ISMA
Titled Vision 2047: Solar Manufacturing from Polysilicon to Power Plant, the report presents a pathway for India to move beyond module assembly and set up manufacturing capabilities across the entire solar value chain -- from polysilicon and ingots to wafers, cells and modules, the statement said.
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Astrobase, Bayer to invest Rs 700 crore in Karnataka, creating nearly 1,500 jobs
Astrobase and Bayer have announced a combined investment of Rs 700 crore in Karnataka. Astrobase will invest Rs 500 crore to set up a manufacturing facility for rocket engines. This project aims to create approximately 1,250 jobs in the region. Bayer plans to invest Rs 200 crore to establish a Global Capability Centre, generating around 220 jobs. Both investments reflect a growing interest in expanding industrial capabilities in Karnataka.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
India gains as global investors move away from AI-linked stocks: Goldman Sachs
Indian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the best-performing global markets during the period. Goldman Sachs said the recovery was due to a rotation in global portfolios away from north Asian markets, which have greater exposure to AI -linked stocks.
India wants more factories, fabs and data centres. Where will the water come from?
India's ambition to become a developed nation by 2047 is constrained by growing water resource challenges. Industries across sectors, including thermal power and semiconductor manufacturing, face water scarcity issues that could hinder growth. Many regions are already experiencing severe water stress, impacting economic development plans drastically. Adopting recycling and reuse technologies will be crucial for managing water in industries effectively.
Uncertainty is certain: India is resilient and will emerge stronger
Despite global uncertainty, India remains well placed to weather economic and market disruptions, supported by resilient growth, deeper domestic capital markets and rising private investment. Stronger institutions, infrastructure spending and emerging industries could further reinforce the country’s long-term prospects.
Beyond tech: Kotak MF’s Shibani Kurian on India’s next innovation-led winners
Innovation-led investment opportunities in India are extending well beyond technology, with healthcare, auto components and industrials emerging as key areas of interest, according to Shibani Kurian, Head of Equity Research and Senior Fund Manager at Kotak Mahindra AMC. “Innovation can be seen across sectors and not necessarily limited to technology,” she said.
SFC Environmental Technologies shares debut at nearly 8% premium to IPO price
In a landmark event, SFC Environmental Technologies debuted on the stock exchange with a promising start, opening at a premium. The IPO garnered impressive attention, being oversubscribed 9.47 times. Institutional investors showed particular interest, leading to an 18.81 times subscription in the QIB segment. The raised capital will be directed towards settling borrowings and facilitating working capital. SFC is known for its cutting-edge solutions in managing wastewater and solid waste.
ET Wealth Expo 2026| India's next investment mega trend is a $1.5 trillion wealth transfer: Ganesh Mohan
Speaking on the sidelines of ET Wealth Expo 2026 in Mumbai, Mohan identified intergenerational wealth transfer as one of the major socio-cultural mega trends unfolding in India. He believes the shift will go beyond the transfer of assets between family members and could trigger a fundamental change in investment preferences, with younger investors potentially moving towards financial assets, equities and more diversified portfolios.
NTT Data to nearly triple Mangaluru workforce to over 2,500 by 2027
The company entered Mangaluru through its acquisition of local cloud engineering company Niveus Solutions, and is looking to use the city as a base for developing specialised technology capabilities. Its focus areas include healthcare and life sciences, automotive, manufacturing, high technology, AI and data.
Vultr eyes 1 GW India capacity by 2029
Further, the company said it has hired more than 100 people in India over the past three months and plans thousands of additional hires in network engineering and operations by March. It also added that the Chennai workforce could eventually reach 5,000 as the facility becomes operational and services expand.
Karnataka invites Japanese firms to scale manufacturing, tech alliances
Karnataka seeks collaboration with Japanese companies for manufacturing and innovation in various high-tech sectors. The state presents dedicated incentive packages to support electronics manufacturing and other industries. More than 200 Japanese companies currently operate in Karnataka, enhancing bilateral business relations. Agreements have been signed for Japanese language training to better equip local students.
Pixxel's Indian ownership comes under scrutiny
Pixxel founder and chief executive Awais Ahmed in a blog post on X said the company remains “headquartered, owned, managed and controlled in India,” on Monday. Indian investors, including the founders, collectively hold the largest shareholding in the company, followed by investors from Singapore, the UK and the US, he added.
Brahamastra, part of Lord’s Mark Industries Limited, takes indigenous defence innovation to the global stage
Lord's Mark Industries Limited is committed to enhancing local defence technology via its Brahamastra initiative. By focusing on innovative products like advanced laser rangefinders and smart surveillance cameras tailored for harsh conditions, the company seeks to play a pivotal role in the global defence landscape. This vision is perfectly aligned with India's Make in India initiative and ongoing defence modernisation efforts, capitalizing on the rising need for sophisticated electro-optical systems.
Technology funds top October returns with gains of up to 10%. Is it the right time to invest?
Technology mutual funds topped October returns, with the nine best-performing schemes delivering gains of up to 9.78%, an ETMutualFunds analysis showed. HDFC Technology Fund led the chart, followed by Kotak Technology Fund and Tata Digital India Fund. Of the nearly 626 funds analysed, all nine top performers belonged to the technology sector, reflecting a strong monthly recovery in the segment.
Oyo parent PRISM clocks PAT of Rs 353 crore in Q1, up 17% YoY, revenue jumps 35%
Oyo parent PRISM reported a 35% YoY rise in Q1FY27 revenue to Rs 2,814 crore, while net profit grew 17% to Rs 353 crore. Gross Booking Value increased 30% to Rs 9,600 crore and EBITDA rose 24% to Rs 760 crore. Founder Ritesh Agarwal highlighted growth across hotels and vacation homes, technology investments and AI-led operational efficiencies.
India-France defence ties poised for new phase, with 114 Rafales in focus
India and France are advancing their defence relationship with proposals for new fighter aircraft and submarines. The two nations are collaborating on advanced technologies and strategic partnerships essential for regional security. As the global security landscape evolves, India aims to enhance ties with trusted allies like France. The Horizon 2047 Roadmap outlines a vision for future cooperation across various sectors.
Gulf investors eye India’s AI infrastructure and space tech even as broader interest stays subdued
Gulf-based investors are exploring opportunities in India's artificial intelligence and space technology sectors, despite overall subdued interest. Yotta, a data centre operator, successfully raised $150 million earlier this year for expansion plans. Pixxel Space Technologies is also seeking funding in the UAE to capitalize on growing investor interest in technology. The Indian rupee's depreciation has contributed to the cautious investment sentiment among broader market participants.
Uttar Pradesh to launch state Quantum Mission, steps up push for AI and robotics
The state of Uttar Pradesh is gearing up to launch a transformative Quantum Mission, poised to bolster its technology framework. By focusing on quantum technology within a broader digital transformation agenda, the initiative aims to ignite innovation. At the ETGovernment AI Vision Conclave, leading industry figures explored the adoption of AI, investment avenues, and workforce readiness.
India's first public sector proton beam therapy unit to come up in Assam; state signs MoU with Belgian firm
Assam has signed an MoU with Belgium-based Ion Beam Applications (IBA) to set up India's first public-sector proton beam therapy centre in Guwahati at a cost of Rs 600 crore. The facility will offer advanced cancer treatment, particularly for children, and is expected to take at least three years to become operational.
CCI approves Adani acquisition of Intellismart
Adani Energy Solutions has received approval to acquire IntelliSmart Infrastructure, establishing a major presence in smart meters. This acquisition will help expand the Adani Group's operations in digital grid modernization efforts. The Competition Commission of India also approved other significant acquisitions in various sectors, highlighting ongoing consolidation in the market. Notable approvals include investments in telecom and quick-service restaurants, enhancing industry efficiency.
India's dealmaking resilient despite weak rupee, equity slump, Citi's Saraf says
India's M&A deal value has declined over the year while the number of deals remains stable. Strategic partnerships are expected to increase, particularly between Indian and Chinese companies. Sectors like healthcare, consumer, infrastructure, and technology are showing strong activity. Concerns over the rupee and market volatility are downplayed by investment bankers. Despite challenges, the long-term growth outlook for India is regarded as stable and positive.
Green financing in India rises to $82 billion, but flows mostly to established sectors: Report
The Landscape of Green Finance in India, now in its fourth edition, maps actual finance flows or disbursements across sources, instruments, sectors, and subsectors for financial years 2022-23 and 2023-24. According to the report, while green finance has increased substantially between 2016-17 and 2023-24, financial flows remain concentrated in established sectors and technologies.
Investments in emerging sectors rise, but bank and NBFC financing remain limited: Report
Emerging sectors like AI, semiconductors, and defence are attracting significant investments while bank lending is limited. The financing patterns vary, with AI and space primarily funded through equity. Risks such as technology obsolescence and payment delays impact the lending sector significantly. Banks are encouraged to develop specialized financing strategies to support these sectors effectively. Over the next few years, demand is expected to shift towards storage and defence-related investments.
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