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Uttar Pradesh set to develop Rs 700-crore EV manufacturing park on 500 acres in Kanpur
Economic Times
·
1m ago
Medial
The Uttar Pradesh government plans to invest Rs 700 crore to establish Kanpur as a major electric vehicle (EV) manufacturing hub. Under the Kanpur Metropolitan Development Vision - 2030, a 500-acre EV park will be developed near Bhimsen by the Uttar Pradesh State Industrial Development Authority. This initiative aims to strengthen the local EV supply chain, promote indigenous manufacturing, and enhance the regional economy. A dedicated R&D center will drive innovation, and an integrated EV components cluster will support SMEs.
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House of Abhinandan Lodha to invest over Rs 1,250 crore in new land acquisitions across India in FY25
Money Control
·
1y ago
Medial
Mumbai-based real estate firm The House of Abhinandan Lodha (HOABL) plans to invest over Rs 1,250 crore in acquiring more land across India by FY25. The majority of the investment will be in states where HOABL is already operational, such as Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh. The company also plans to acquire new lands in Madhya Pradesh, Rajasthan, and Gujarat. HOABL aims to deliver 6 million square feet of development by December 2024, and have about 700 acres of development and an additional land bank of 1,000 acres by March 2025. The company also plans to develop projects in six more cities, including Amritsar, Khopoli near Mumbai, Nagpur, Varanasi, Shimla, and Vrindavan.
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Regency Health Bags Rs 450 Crore In Investment from Norwest Venture Partners
OutlookIndia
·
1y ago
Medial
Regency Health, a chain of hospitals in Uttar Pradesh, has secured a Rs 450 crore investment from Norwest Venture Partners. The funding aims to expand Regency Health's bed capacity from 700 to 2300 by 2027. The company plans to open new facilities in Gorakhpur, Kanpur, Varanasi, and Lucknow. Existing investors IFC, HealthQuad, and Koi Ventures will exit the company as part of this round. Regency Health aims to transform healthcare in Uttar Pradesh and serve the people of the state.
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Southern states look to outfox each other in hunt for a Foxconn ‘city’
Economic Times
·
11m ago
Medial
Taiwanese electronics manufacturer, Foxconn, is being offered land parcels in Telangana, Karnataka, and Andhra Pradesh to set up industrial parks or cities. The Telangana government has offered 2,000 acres for the establishment of a 'Foxconn City' modelled after the company's facilities in China and Taiwan. Karnataka has provided 300 acres for a supplier park, while Andhra Pradesh has offered 2,500 acres for an industrial park. Foxconn has expressed interest in building an industrial township near Chennai, creating a self-sufficient city with housing and basic amenities for workers. The expansion in India aims to decrease Foxconn's reliance on Chinese facilities.
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Uttar Pradesh receives proposals worth Rs 40,000 crore under new semiconductor policy
Economic Times
·
1y ago
Medial
The Uttar Pradesh government is attracting investment proposals worth Rs 40,038 crore for semiconductor manufacturing projects. Hiranandani group's Tarq Semiconductor is set to invest Rs 28,440 crore, while Kaynes Semicon is planning an investment of Rs 4,248 crore. Aditech Semiconductor and Vamasundari Investment Delhi are proposing investments of Rs 3,751 crore and Rs 3,599 crore, respectively. The projects are expected to generate over 32,000 jobs in the state and position Uttar Pradesh as a competitive destination for semiconductor investments. The state government is working on providing necessary infrastructure and support for the projects.
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UP, Gujarat rush to take part(s) in electronics race
Economic Times
·
3m ago
Medial
Uttar Pradesh and Gujarat are crafting incentives to attract electronic component manufacturers, following Tamil Nadu's lead in seizing opportunities from a Rs 23,000 crore Centre initiative to boost manufacturing in this sector. Gujarat is building a semiconductor hub with plans for Micron and Tata Electronics, while Uttar Pradesh is developing policy drafts. States like Karnataka, Madhya Pradesh, and Haryana are also strategizing to boost electronics manufacturing, competing to enhance India's electronics value chain.
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India's EV sales may cross 27 million by 2032 annually: Report
Livemint
·
1y ago
Medial
Electric Vehicle (EV) sales in India are projected to reach 27.2 million units annually by 2032, with a CAGR of 35%. The availability of the FAME-II subsidy, a USD 1.2 billion budget allocation for EV subsidies, and the approval of a USD 3.5 billion Production-Linked Incentive scheme for EV manufacturing are driving factors behind this growth. State governments, such as Tamil Nadu, Haryana, Andhra Pradesh, and Uttar Pradesh, are actively supporting the EV segment through incentives for manufacturing. Challenges include high costs, inadequate charging infrastructure, power grid upgrades, and the absence of subsidies in certain segments.
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Folks Motor marks first close of maiden investment fund for mobility bets
VCCircle
·
2m ago
Medial
Folks Motor has announced the first close of its Folks Funds, a Category II alternative investment fund targeting Rs 500 crore, with Rs 100 crore secured initially. The fund focuses on the electric vehicle (EV) supply chain and aims for 50% domestic value addition. Investments target powertrain systems, energy storage, and EMS. A significant portion will develop "The Blue IP," an industrial park in Haryana to support EV infrastructure. It also collaborates with Telangana and Karnataka for EV ecosystem expansion.
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23-year-old, Shwetank Pandey, from Kanpur, Uttar Pradesh, becomes India’s First Chief Gaming Officer from 60,000+ applicants
Startup News FYI
·
1y ago
Medial
Shwetank Pandey, a 23-year-old from Kanpur, Uttar Pradesh, has been chosen as iQOO’s first ever Chief Gaming Officer after a 3-month long nationwide hunt. Shwetank was the last man standing amongst 60,000+ applicants, who applied to become one of India’s youngest Chief Gaming Officers with iQOO, the high performance smartphone brand.
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Govt approves Rs 417 crore electronics manufacturing cluster in UP; set to create 15,000 jobs - The Economic Times
Economic Times
·
1m ago
Medial
The government has approved a Rs 417 crore electronics manufacturing cluster (EMC 2.0) in Gautam Buddha Nagar, Uttar Pradesh, expected to attract Rs 2,500 crore in investment and create 15,000 jobs. The cluster will support the manufacturing of consumer electronics, automotive and industrial electronics, and more. Located strategically along major expressways and close to key transport hubs, it will offer world-class infrastructure for startups and MSMEs, aiming to boost local manufacturing and innovation.
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Uttar Pradesh Plans To Launch Rs 10,000 Crore Scheme To Woo Electronic Components Manufacturing
OutlookIndia
·
2m ago
Medial
Uttar Pradesh plans a Rs 10,000 crore scheme to attract electronic components manufacturing investment, complementing India's ECM scheme. The policy offers fiscal incentives, subsidized land, and infrastructure support, with aims to attract Rs 25,000 crore in investments. It supports the state's ambition to be a tech manufacturing hub and aligns with the national push for electronics self-reliance. The initiative is part of broader efforts to create an "electrilomics" ecosystem, enhancing the state's semiconductor and electronics capabilities.
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