LAS VEGAS: To tap the huge growth opportunities available in India, US-based technology giant EMC is looking to invest heavily in the country, which is also its fastest growing market. "Because of the huge opportunities in India, we will be investing heavily there. We have spent a lot of time and resources there to tap its huge potential," EMC's Chief Operating Officer and Vice President, Speciality Sales, Asia Pacific and Japan, Dmitri Chen told PTI here today. He said India is a strong thinkpad for the company where it has created so many centres of excellence.
BENGALURU: Taiwanese corporate giant Foxconn Technologies, known for making Apple's iPhones, said it will soon set up an incubator in India along with a venture capital fund to invest in areas such as mobile internet, ecommerce, online services, and renewable energy during its landmark visit to India. The company, which sent over 30 executives on a tour of Delhi, Mumbai, and Bangalore over the past week, said it will also set up an incubator to engage more deeply with startups. It has announced it will invest $20 billion into India.
MUMBAI: India's businessmen are cautious about growth and investment with many preferring to lie low till demand improves on the ground. As the Modi government nears its first anniversary, the bonhomie and cheer that greeted its arrival is gone, replaced by a sombre mood and a grim acknowledgement of the realities of doing business in India. Five of the top nine CEOs that ET spoke to said that things were difficult on the ground and that they would wait and watch.
RANCHI: The Jharkhand government, Coal Ministry and Railways today signed memorandum of understanding for formation of a joint venture to construct railway lines in the command areas of Central Coalfields Ltd, a CIL arm. The MoU was signed by the officials of the respective sides in the presence of Union Minister of State for Coal and Power (Independent Charge) Piyush Goyal, Jharkhand Chief Minister Raghubar Das, Minister of State for Finance Jayant Sinha and Minister of State for Rural Development Sudarshan Bhagat.
Amazon.com, Inc. (AMZN) announced that it will make an investment of $2 billion in its Indian subsidiary; following the footsteps of rival Flipkart Online Services Pvt. Ltd.’s announcement that it has raised $1 billion from investors. Amazon’s India investment will be utilized to develop company websites, mobile technology, and improve logistics.