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PepsiCo India to invest ₹778 crore to set up food plant in Assam
Livemint
·
1y ago
Medial
PepsiCo India plans to invest ₹778 crore ($105 million) in setting up its first food-focused manufacturing plant in Assam, India. The facility, which is expected to be operational in 2025, will assist farmers in the region by using advanced technology and high-quality seeds to produce Lay's crisps. The plant will also create employment opportunities for 500 people and generate demand for 60,000 tonnes of cold storage capacity. PepsiCo India also signed a memorandum of understanding with the Assam Skill Development Mission and Directorate of Employment and Craftsman training to enhance women's employability in the region.
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Tata's Assam Semiconductor Plant To Be Ready By Mid-2025
Inc42
·
1y ago
Medial
Tata Electronics is planning to invest INR 27,000 crore to set up a semiconductor chip manufacturing plant in Assam, India. The project is expected to generate over 27,000 direct and indirect employment opportunities in the region. Around 85,000 individuals are currently undergoing training in semiconductor chip design at various academic institutions across the country. The proposed Assam plant aims to have a production capacity of 4.83 crore semiconductor chips per day.
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AM Green plans $1 billion foray into biofuels
Livemint
·
1y ago
Medial
AM Green, a renewable energy company, is planning to invest $1 billion in the production of second-generation biofuels. The company aims to set up two bio-ethanol plants and acquire a 50% stake in Assam Bio Refinery Pvt. Ltd. Additionally, AM Green plans to acquire Chempolis Oy, a biotechnology firm, and expand its presence in the biofuel space in India. The company will use non-food biomass, such as plant materials and animal waste, to produce bioethanol, organic compounds, acetic acid, and green energy. The move aligns with India's target of achieving 20% ethanol blending in petrol by 2025-26.
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Tata Group submits application to set up semiconductor processing plant in Assam; to invest Rs 40,000 crore
IndianStartupNews
·
1y ago
Medial
Indian conglomerate Tata Group has submitted an application to set up a greenfield semiconductor processing plant in Jagiroad, Assam, with an investment of Rs 40,000 crore. The plant, led by Tata Electronics Limited, aims to strengthen India's self-reliance in semiconductor technology and focus on semiconductor assembly and packaging. The Chief Minister of Assam expressed optimism about the approval of the project, highlighting its potential to create employment opportunities and contribute to the state's industrialization. This development aligns with the government's efforts to boost domestic semiconductor manufacturing and promote initiatives like 'Make in India' and Production Linked Incentive (PLI).
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PepsiCo to invest ₹1,266 crore to set up new unit in Ujjain
Livemint
·
1y ago
Medial
PepsiCo India has announced an investment of ₹1,266 crore to construct a new flavour manufacturing facility in Ujjain, Madhya Pradesh. This move aims to expand the company's beverage production capacity in India. The plant is expected to begin construction in 2024 and be completed by Q1 2026. It will be PepsiCo India's second manufacturing site in the country and will produce beverage flavours specifically for the Indian market. This investment aligns with PepsiCo's strategy to enhance production capabilities in India's packaged food and beverage sector.
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Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint
Livemint
·
11m ago
Medial
- Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group. - The iPhone manufacturer purchased a 40% stake in the JV for nearly ₹312 crore. - The investment will be used for the Foxconn-HCL OSAT plant to be set up in India. - Foxconn has invested ₹246 crore in the JV through its subsidiary Big Innovation Holdings. - The company has invested more than $1.4 billion in India and employs over 48,000 people in the country. - Foxconn is manufacturing Apple iPhones in India and has plans to set up an EV and battery plant in the country.
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'Semiconductor packaging unit in Assam’
Livemint
·
1y ago
Medial
Assam is set to have a ₹25,000 crore semiconductor packaging plant in collaboration with the Assam government and Tata Group. The government aims to attract semiconductor fabrication and packaging units through a ₹76,000 crore financial assistance scheme. US-based Micron Technology has already initiated setting up a packaging unit in Gujarat. The Indian government has received four proposals for semiconductor manufacturing plants and 13 proposals for chip assembly units. The development aligns with the government's focus on equipping young Indians with skills in areas like AI, cybersecurity, and semiconductors through initiatives like futureSKILLS.
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PepsiCo expands investment in Vietnam with $400 million for renewable energy-pow
Livemint
·
1y ago
Medial
PepsiCo has pledged to invest an additional $400 million in Vietnam to construct two new renewable energy-powered manufacturing facilities. The investment includes a beverage manufacturing plant in Long An province and a food processing facility in Ha Nam province. PepsiCo's decision to invest in sustainable practices aligns with its commitment to reducing its environmental impact. The company already operates five factories in Vietnam and has been present in the market since 1994. Its Indian operations also reported mid-single-digit organic revenue growth in 2023, with strong performance in developing and emerging markets.
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RIL to invest Rs 50,000 cr in Assam in five years; set up AI data centre, mega food park, double Reliance Retail stores: Mukesh Ambani
Business Today
·
6m ago
Medial
Reliance Industries Limited (RIL) plans to invest Rs 50,000 crore in Assam over the next five years, establishing an AI data centre, a mega food park, and doubling Reliance Retail stores. Announced at the Advantage Assam Summit, the investment will also support compressed biogas hubs and a seven-star Oberoi Hotel. This initiative is expected to create significant employment opportunities and benefit sectors like agriculture and bamboo, enhancing Assam's presence in national development.
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Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved
Economic Times
·
1y ago
Medial
The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.
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Tata Group Puts Assam On Global Map With Semiconductor Plant
Internet
·
1y ago
Medial
Tata Group's Rs 27,000 crore investment in Assam's semiconductor plant, supported by the Assam government, aims to make the state a key player in semiconductor manufacturing. Union Minister Ashwini Vaishnaw underscores its significance for India's self-reliance. The facility by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) targets various sectors, with production set to start in 2026.
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