Ahead of a Global Investors Summit to be held in India's northern state of Uttar Pradesh from February 10 to 12, 2023, the state's Chief Minister Yogi Adityanath has sent teams to cities in Germany, UK and Canada to invite overseas investors to the Summit. The delegation held a road show...
PepsiCo Inaugurates its Largest Foods Plant in India
Purchase, Harrison, NY-based food and beverage major PepsiCo, commissioned its largest greenfield foods plant in India's northern state of Uttar Pradesh. Built at a cost of $130 million the foods plant marks Pepsico's largest single manufacturing investment in India The facility is spread across 29 acres in the town of...
PepsiCo Invests $71 million to Double Its Snack Business in India
PepsiCo India announced plans to invest $71 million over three years to set up a greenfield snacks manufacturing plant in India's northern state of Uttar Pradesh. The new investment plan aligns with PepsiCo’s goal to double its snacks business in the country by 2022. The project will entail 'backward integration'...
Singapore Fund Invests in India's Infrastructure Sector
Singapore’s sovereign wealth fund GIC will invest over $600 million for a 49 percent stake in a private Infrastructure Investment Trust controlled by IRB Infrastructure Developers headquartered in Mumbai. As part of the transaction, IRB will transfer nine of its Build-Operate-Transfer assets into the Investment Trust in which IRB will...
Rajnath Singh: Minister for Defense, India, 2019
Born to a farmer’s family in a village in India’s northern state of Uttar Pradesh on July 10, 1951, Rajnath Singh began his career as a professor in Physics. He served as the Chief Minister of Uttar Pradesh, India’s most populous state and a Cabinet Minister in the Atal Behari...
Samsung to Turn India into Hub for Components Business
With the government's thrust on 'Make in India', where tax on imported mobile and consumer electronics components is going up, Samsung sees a big business opportunity in manufacturing them in the country. The Korean company plans a fresh investment of $350 million initially in this business and will ramp up...