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MulticoreWare Expands Its Footprint in Tamil Nadu with the Inauguration of an Expanded Office in Coimbatore

Livemint

Livemint · 7m ago

MulticoreWare Expands Its Footprint in Tamil Nadu with the Inauguration of an Expanded Office in Coimbatore

MulticoreWare, a technology company, has announced the expansion of its office in Coimbatore, India. This expansion will strengthen the company's relationships with local academic and research institutions for recruitment and collaboration. The increased presence in Coimbatore will allow MulticoreWare to leverage local talent and resources, as the city is rapidly becoming a major industry hub. The company specializes in AI, machine learning, and deep learning solutions for various industries, including automotive and healthcare. MulticoreWare aims to continue driving innovation and pushing the boundaries of technology through research and collaboration.

Related News

TVS Srichakra expands exclusive retail stores of Eurogrip Tyres in Chennai

Economic Times

Economic Times · 22d ago

TVS Srichakra expands exclusive retail stores of Eurogrip Tyres in Chennai

TVS Srichakra Ltd, under its Eurogrip Tyres brand, has expanded its retail presence in Tamil Nadu with two new flagship stores in Chennai's Selaiyur and Villivakkam. These stores, offering tyre fitment, care, and allied services, mark part of the company's initiative to cater to a growing customer base. With additional services like lubricant and engine oil changes, TVS Srichakra is set out to increase its exclusive retail footprint across more cities.

Zepto strengthens footprint with more than 20 dark stores operational in Tamil Nadu

Economic Times

Economic Times · 4m ago

Zepto strengthens footprint with more than 20 dark stores operational in Tamil Nadu

Zepto has expanded its operations in Tamil Nadu, covering areas beyond Chennai like Coimbatore, Tiruchirappalli, Madurai, Vellore, and Salem. It now operates over 20 dark stores in the region, strategically placed to optimize delivery routes and maintain a 10-minute delivery promise. This expansion helps provide fresh produce from local farmers and creates opportunities for local businesses. Zepto's initiatives focus on enhancing delivery speed, quality, and affordability within a 2-3 km radius.

TN Govt Partners Google To Build AI Labs, To Upskill 2 Mn People

Inc42 · 10m ago

TN Govt Partners Google To Build AI Labs, To Upskill 2 Mn People

During a visit to Google headquarters, the Ministry of Industry in Tamil Nadu signed a Memorandum of Understanding (MoU) to establish Tamil Nadu AI Labs in partnership with Google at the Guidance_TN facility in Chennai. This move is part of the government's efforts to attract investments and create job opportunities in the state. The government also signed six other MoUs in various sectors, bringing in INR 900 Cr in investments and over 4,000 jobs. Some notable investments include Nokia's R&D center in Siruseri, PayPal's expansion of its AI-ML development center in Chennai, and Microchip's semiconductor innovations in Coimbatore.

Electronics sector poised to become world's largest manufacturing sector: MeitY

Economic Times

Economic Times · 4m ago

Electronics sector poised to become world's largest manufacturing sector: MeitY

The electronics industry is set to become the largest global manufacturing sector, driven by India's efforts and particularly Tamil Nadu's burgeoning electronics manufacturing cluster. MeitY Secretary S Krishnan highlighted that achieving the ambitious target of USD 500 billion in annual electronics manufacturing necessitates substantial contributions from Tamil Nadu. With its high-quality human resources and increasing investments, the region is attracting major electronics manufacturers. The inauguration of Zetwerk Electronics' facility marks another milestone in this growth trajectory.

AstraZeneca invests $30M to expand global innovation centre in Chennai

YourStory

YourStory · 1y ago

AstraZeneca invests $30M to expand global innovation centre in Chennai

AstraZeneca India has announced a $30 million investment to expand its Global Innovation and Technology Centre (GITC) in Tamil Nadu. The company inaugurated its Global Capability Centre (GCC) in Chennai, which is expected to be its largest center globally, aiming to streamline operations and create 1,300 positions by next year. The expanded GCC will focus on leveraging technology such as AI, machine learning, and data science to shape healthcare outcomes. The investment is seen as a boost for the pharmaceutical and healthcare sectors, as well as technological advancements and economic development in Tamil Nadu.

CPPIB-backed developer taps offshore investor for Chennai office park

VCCircle

VCCircle · 1y ago

CPPIB-backed developer taps offshore investor for Chennai office park

Infopark Properties Ltd, a real estate development company in India, is seeking funding from offshore investors for an office park project in Chennai. The company, backed by Canada Pension Plan Investment Board (CPPIB), is looking to raise capital for the Ramanujan Intellion Park in Tamil Nadu.

TVS Motor co, OOR cabs join hands to deploy 500 EVs in TN

YourStory

YourStory · 1m ago

TVS Motor co, OOR cabs join hands to deploy 500 EVs in TN

TVS Motor Company has partnered with OOR Cabs to supply 500 TVS King EV MAX electric three-wheelers for the financial year 2025-26, aiming to enhance sustainable urban mobility in Tamil Nadu. Starting in Trichy, OOR Cabs will expand its eco-friendly passenger services to Madurai and Coimbatore. The collaboration emphasizes cleaner transportation and aims to increase the EV fleet monthly, supporting sustainable livelihoods and promoting green mobility in Tier 2 and Tier 3 cities.

IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN

YourStory

YourStory · 9m ago

IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN

- IndoSpace plans to invest up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu to strengthen its presence in the manufacturing sector. - The investment will support the growing manufacturing sectors like automobile and electronics in Tamil Nadu. - The move is expected to create over 8,000 new jobs and enhance the state's industrial infrastructure. - IndoSpace has already developed over 8.8 million sq ft of completed infrastructure in Tamil Nadu and has an additional 2 million sq ft under construction. - The company's presence in Tamil Nadu includes 15 Grade A parks spread across 649 acres, serving 66 tenants from various sectors. - IndoSpace has a total equity committed to Tamil Nadu of $380 million and offers a potential chargeable area of 15.4 million sq ft in the state.

‘Don’t know where these numbers are from...’: FM Nirmala Sitharaman hits back at claims that Tamil Nadu gets little

Business Today

Business Today · 3m ago

‘Don’t know where these numbers are from...’: FM Nirmala Sitharaman hits back at claims that Tamil Nadu gets little

Finance Minister Nirmala Sitharaman refuted claims that Tamil Nadu receives minimal support from the Centre, emphasizing its significant share of Production-Linked Incentives (PLI). She highlighted that about 25% of PLI beneficiaries and 46 out of 257 PLI auto component applicants are in Tamil Nadu. Additionally, electronic manufacturing companies in Tamil Nadu benefit from PLI funds, and clusters have been allocated ₹1,100 crore. Sitharaman underscored that Tamil Nadu contributes more to the Centre than it receives.

Ather Energy To Set Up Third Manufacturing Facility In Maharashtra As EV Sales Rise

Inc42 · 1y ago

Ather Energy To Set Up Third Manufacturing Facility In Maharashtra As EV Sales Rise

Ather, an electric vehicle startup, plans to expand its manufacturing and set up a new plant in Hosur, Tamil Nadu. This move aims to increase its market reach and reduce logistics costs. The company already operates two facilities in Tamil Nadu for battery production and vehicle assembly. Ather is preparing for an initial public offering (IPO) and faces competition from Ola Electric and TVS.

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