India is eyeing $100 billion in annual foreign direct investment in the next few years, its IT minister said on Wednesday, as Prime Minister Narendra Modi seeks to attract investors ahead of a.
India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India and level up the playing field with regional competitors such as China and Vietnam. India's electronics and information technology ministry is firming up the proposal, including the size of the duty cuts, and hopes it can be included in the federal budget on Feb.1, one official said.
Exclusive-India Data Centre Firm Yotta s Nvidia AI Chip Orders to Reach $1 Billion -CEO usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Indian data
centre operator Yotta s plans to purchase more AI chips from its
partner Nvidia will be worth $500 million, taking its total
order book with the U.S. firm to $1 billion as Yotta beefs up.
Exclusive-India data centre firm Yotta s Nvidia AI chip orders to reach $1 billion -CEO streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.