“India is aiming to achieve $1 trillion in exports of both goods and services, and we need to enhance our exports to the largest market which is the US,” said Dr. K. Srikar Reddy, the Consul General of India in San Francisco while speaking to venture capitalists, entrepreneurs and CXOs at the TiE Silicon Valley holiday event held December 8 in Palo Alto California.
BRAIIN Holdings, a New York-based artificial intelligence and robotics firm has acquired Exato.ai, a prominent CXaaS (customer experience-as-a-service) company in Noida, to get a toe-hold in the Indian market and set up its operations in the country. The firm plans to invest $100 million to fuel its expansion plans in India.
Taiwanese contract manufacturer Foxconn plans to invest $1.54 billion in India, as the country doubles down on local manufacturing. In a stock exchange filing, Foxconn said that the investment will help it fulfil “operational needs.” The company, however, did not provide further details. Foxconn is the main assembler of Apple iPhones and both companies are keen to move away from China and create alternative supply chains.
The Indian government has approved setting up of 25,000 new towers in the next 500 days with an investment of ₹26,000 crore ($300 million), Union Minister for Communications, Electronics & Information Technology and Railways Ashwini Vaishnaw said.
Infosys co-founder Kris Gopalakrishnan’s family office, Pratithi, has reportedly invested in Myelin Foundry, a Bengaluru-based deep-tech startup.
