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.
Denne historien er fra October 05, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 05, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Technology, AI Driving Warehousing Sustainability
Anshul Singhal on how Welspun One is rapidly transforming Grade-A logistics and industrial parks across India, offering integrated fund development and asset management for large-scale warehousing solutions
DECODING RETAIL'S NEXT FRONTIER
As brands pivot towards omnichannel ecosystems and startups challenge legacy frameworks, the focus sharpens on experiential retail, sustainability and data-driven personalisation.
SORORITY OF WOMEN OF METTLE
Awinter afternoon in mid-December found quite a crowd at the Oxford Book Store on Connaught Place, as bibliophiles congregated at a corner to listen to three women authors, diverse in their passions, but drawn together by an urge to tell their story.
THE LEGACY OF THE AMARNATHS
IN NOVEMBER 2017 the management committee of the Delhi Cricket Association named the eastern stand of the Feroze Shah Kotla ground the Mohinder Amarnath stand.
PUTTING THE POWER IN THE POWERHOUSE
The Asus ExpertBook P5 is powered by an 8-core 8-thread Intel Core Ultra 7 Series 2 processor that clocks a maximum speed of 4.8 GHz, but it does not have hyperthreading. It is light weight, with a smooth glass touch pad. The laptop almost has all the I/O ports you could possibly need in a business laptop, making it an extremely lucrative option for professional computing, says
"We must be aware of our energy and water consumption"
BW Businessworld caught up with actor, philanthropist, and climate warrior BHUMI PEDNEKAR to chat about climate change and more.
"Cooking is a passport to the world"
In conversation with renowned CHEF MANJIT GILL, Advisor at Kikkoman India and President, Indian Federation of Culinary Associations (IFCA). As the former Corporate Chef of ITC hotels, Chef Gill has helped shape iconic restaurants, such as the Bukhara, Dum Pukht, and Dakshin. He has had the privilege of serving former American Presidents Barack Obama, Bill Clinton, George Bush, and the French, Canadian, British and German premiers. In 1992, Chef Gill had the opportunity of being invited to cook for Prince Charles and Lady Diana, at the Palace of the Maharaja of Jaipur. He was awarded the Lifetime Achievement Award from the Ministry of Tourism in 2007.
Strengthening Middle Management for Organisational Resilience
WHAT HOLDS AN organisation together in chaos? Is it visionary leadership, cuttingedge strategies, or robust technology?
The Retail Trailblazers
A look at companies that are making a positive impact on India's growing retail sector with their future fit business and marketing strategies.
Driving Conscious Consumerism
VIDIT JAIN, Co-founder of Kindlife, is leading the charge in revolutionising the intersection of technology and conscious consumerism.
