Warehouse boom in India as firms shift from China
A sprawling industrial park in southern India sees a surge in modern warehouse construction, meeting the demands of companies diversifying supply chains beyond China.
Greenbase industrial park, near plants run by Apple supplier Foxconn and truckmaker Daimler, is in high demand among European and American companies.
To address the demand, Greenbase aims to quadruple its industrial park space to 20 million-square-feet with an $800 million investment.
India's economic growth surpasses advanced nations, driving a rush for leased warehouse space, particularly in the last ..
Insights on Apple's Bengaluru 15-storey office
Tech giant Apple has recently expanded its presence in India by establishing a new 15-storey office in the heart of Bengaluru, which is designed to accommodate up to 1200 employees. The company, presently having close to 3,000 employees in India, collaborates with Indian suppliers of various sizes, contributing to the creation of hundreds of thousands of jobs across the country. Apple's teams in Bengaluru are engaged in diverse aspects of the company's business, encompassing software, hardware, services, IS&T, operations, customer support, and more.
According to a statement released by..
TN secures $4.39 bn investments from Apple suppliers, Hyundai Motors
Tamil Nadu, the southern state of India, announced the signing of investment agreements totalling over $4.39 billion with prominent companies such as Tata Electronics and Pegatron, key suppliers for Apple, along with major player Hyundai Motors. This move is part of Apple's strategy to expand production beyond China, with Pegatron planning a second factory in India, where Tata Group initiated iPhone assembly last year.
Tata Electronics, a division of the Indian conglomerate, committed to investing Rs 120.8 billion in mobile phone assembly operations, as stated by the state government ..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..