FIVE SOUTHERN STATES are engaged in cut-throat competition to attract foreign investors. The early success of Tamil Nadu in drawing Taiwan’s iPhone contract manufacturer Foxconn to set up large manufacturing units in the state set off the race.
Tamil Nadu Chief Minister M. K. Stalin returned in September 2024 from a weeks-long tour of the United States. His entourage tied up new investment proposals with Google for setting up AI research labs in Tamil Nadu and inked a Rs 2,000 crore deal with Trilliant Networks for a production facility in the state.
Congress-ruled Telangana and Karnataka, allies of Stalin’s DMK in Tamil Nadu, are also making ambitious plans to attract foreign investment in their states. Telangana’s IT Minister Duddilla Sridhar Babu says Amazon Web Services (AWS) is likely to invest $2 billion (Rs 16,800 crore) in the state to expand its data centre. Hospitality major Marriot is meanwhile set to open its first GCC (Global Capability Centre) in India in Hyderabad. Defence and aerospace firms in the US and Europe too are lining up to establish a base in Telangana.
Karnataka, spurred by Tamil Nadu’s success with Foxconn, wants to create more Silicon Valley hubs like Bengaluru across the state. Karnataka’s IT Minister Priyank Kharge says Karnataka has the world’s fourth largest technology cluster with over one-third of India’s tech talent, 52 unicorns and nearly 25,000 startups.
Andhra Pradesh is also keen to attract foreign investment. Chief Minister Chandrababu Naidu is building a new high-tech capital city in Amaravati. As an NDA partner, it is likely to receive significant investment from the Centre while the state woos foreign firms to invest in the massive infrastructure and technology requirements of a new capital city.
هذه القصة مأخوذة من طبعة October 05, 2024 من BW Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 05, 2024 من BW Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
