Toshiba Group to Invest Rs.10 Billion in India for Capacity Boost

22 Jul 2024 CW Team

Toshiba Group is set to invest Rs.10 billion ($67 million) in India to enhance its manufacturing capacity and support business growth in the region. This significant investment aims to bolster Toshiba's operations and meet increasing demand for its products and services.

The funding will be directed towards expanding production facilities and upgrading technology across Toshiba's various business units in India. This move aligns with the company's strategy to strengthen its presence in key markets and leverage India's growing economic potential.

The investment will facilitate the development of advanced manufacturing capabilities, allowing Toshiba to increase production efficiency and innovate new products. By enhancing its local infrastructure, Toshiba aims to better serve its customers and respond more effectively to market needs.

Additionally, the expansion is expected to create new job opportunities and contribute to the local economy. The increased production capacity will support Toshiba?s efforts to maintain a competitive edge and address the evolving demands of the Indian market.

This commitment by Toshiba Group underscores the company's confidence in India's economic prospects and its long-term growth strategy. The investment will not only enhance Toshiba's operational capabilities but also strengthen its overall market position in the region.

Overall, Toshiba's substantial investment highlights the company's dedication to expanding its footprint in India and fostering sustainable growth through technological advancements and increased production capacity.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..