Hinduja Group to Invest ₹2,500 Crore in Tamil Nadu Towards Renewables & New Mobility Solutions

• Hinduja Renewables to explore 200 MW+ projects across solar, wind and battery technologies
• Ohm Global Mobility to operationalise electric buses for public transport and expand mobility solutions value chain
• Group to explore opportunities across automotive, financial services, energy, battery charging infrastructure and digital mobility solutions

The Hinduja Group - a 111-year-old transnational conglomerate, today announced plans to invest ₹2,500 crore in Tamil Nadu. The investment will span across the group’s businesses including renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions.

As part of the commitment, Mr. Amit Saharia, Group President – Strategy, Hinduja Group signed a Memorandum of Understanding (MoU) with Mr. Deepak Jacob, IAS, MD & CEO, Guidance Industries, Investment Promotion and Commerce Department, Government of Tamil Nadu in the august presence of Hon'ble Chief Minister of Tamil Nadu - Thiru C. Joseph Vijay, Mr. Ashok Hinduja, Chairman of Hinduja Group of Companies (India), Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, Selvi S. Keerthana, Minister for Industries, Investment Promotion and Commerce, Government of Tamil Nadu, Dr. S. Vijayakumar, IAS - Additional Chief Secretary to Government, Industries, Investment Promotion and Commerce Department, Government of Tamil Nadu and other senior dignitaries.

A key component of the commitment will be the development of 200 MW+ renewable energy projects by Hinduja Renewables Energy Private Limited (HREPL), spanning solar, wind and battery technologies. The Group will seek land and connectivity support in identified catchment areas, including Tirunelveli, Thoothukudi and Virudhunagar, Madurai and Coimbatore as it works towards developing these projects.

In the mobility space, OHM Global Mobility Limited will operationalise electric buses for public transport in Tamil Nadu and expand its mobility solutions value chain. The Group will also explore opportunities across automotive, financial services, energy, battery charging infrastructure and digital mobility solutions as part of its broader investment commitment to the state.

Mr. Ashok Hinduja, Chairman, Hinduja Group of Companies (India), said, “Our ₹2,500 crore commitment is a statement of our confidence in Tamil Nadu and our desire to participate in its next phase of growth. With its strong industrial base, talent and renewable energy potential, Tamil Nadu is well positioned to lead India's energy and mobility transition. We look forward to building on our long-standing association with the state and working with the Government of Tamil Nadu to create lasting value through investments in clean energy, electric mobility and other emerging opportunities.”

The proposed investment reflects the Hinduja Group's long-standing presence in Tamil Nadu and its growing focus on clean energy and new mobility. The Group's businesses in the state include Ashok Leyland, Gulf Oil India, Hinduja Leyland Finance, Hinduja Housing Finance, Switch Mobility, Ohm Mobility, Gro Digital and Hinduja Tech, among others.

The latest commitment also builds on the Hinduja Group UK’s ₹7,500 crore MoU signed with the Government of Tamil Nadu in September 2025 for investments in the state's EV ecosystem, spanning battery manufacturing, battery energy storage systems and charging infrastructure. In March 2026, Ashok Leyland broke ground for a ₹500 crore greenfield battery pack manufacturing facility at Pillaipakkam near Chennai, further strengthening the state's electric mobility supply chain.

Tamil Nadu's strong industrial base, skilled talent, manufacturing capabilities and entrepreneurial ecosystem position the state well to play an important role in India's energy transition and the evolution of new mobility. The Hinduja Group looks forward to working closely with the Government of Tamil Nadu to take forward this commitment and contribute to the state's sustainable growth.

About Hinduja Group:

The Hinduja Group is a 111-year-old transnational conglomerate with over 250,000 employees across 100 countries. Founded in 1914 by Late Shri Parmanand Deepchand Hinduja, the Group has evolved into one of India’s most respected diversified business houses, with leadership in automotive, financial services, lubricants & specialty chemicals, energy, digital solutions, real estate and healthcare. Through its enterprises, the Group has contributed to India’s industrial evolution and economic progress while building strong global partnerships and market presence worldwide. Anchored in robust governance, disciplined risk management and long-term value creation, the Hinduja Group is guided by its enduring credo, “My Dharma is to work so that I can give,” reflecting a legacy that combines global enterprise with nation-building and community commitment.

Adani Group Unveils $72 Billion Investment Blueprint to Transform India’s Infrastructure

Adani Group has announced a massive ₹6 lakh crore investment blueprint at the World Economic Forum 2026 in Davos, spanning aviation, clean energy, urban infrastructure, digital platforms, and advanced manufacturing. The plan focuses on Maharashtra, Assam, and Jharkhand, marking a strategic shift toward integrated, technology-led infrastructure ecosystems aligned with India’s growth priorities.

Key Highlights of the Investment Plan

• Total Investment: Over ₹6 lakh crore (₹6 trillion or USD 72 Billion)
• Sectors Covered:
  • Aviation & Aerospace: Expansion of airports and aviation ecosystems, including Guwahati’s Lokapriya Gopinath Bardoloi International Airport
  • Clean Energy: Large-scale renewable energy projects to accelerate India’s energy transition
  • Urban Infrastructure: Smart city development and integrated urban platforms
  • Digital Platforms: Green integrated data centre parks and digital infrastructure
  • Advanced Manufacturing: Building globally competitive, future-ready manufacturing hubs

Regional Focus

• Maharashtra: Urban infrastructure and advanced manufacturing hubs.
• Assam: Aviation ecosystem centred on Guwahati airport, with hospitality, retail, and training academies.
• Jharkhand: Renewable energy and industrial development projects.

Strategic Significance

Focus Area	Impact
Aviation & Aerospace	Boosts connectivity, creates jobs, and builds training academies
Clean Energy	Supports India’s net-zero goals and energy transition
Urban Infrastructure	Enhances smart city development and ease of doing business
Digital Platforms	Expands data centre capacity, enabling digital sovereignty
Advanced Manufacturing	Strengthens self-reliance and global competitiveness

Risks & Challenges

• Execution Complexity: Coordinating across multiple states and sectors.
• Regulatory Hurdles: Land acquisition, environmental clearances, and policy alignment.
• Global Market Volatility: Commodity prices and geopolitical risks could affect timelines.
• Public Scrutiny: Adani Group’s past controversies may invite closer monitoring of transparency and sustainability.

Broader Implications

• Employment Generation: Tens of thousands of jobs expected across aviation, energy, and manufacturing.
• Regional Development: Assam and Jharkhand to see significant infrastructure upgrades.
• India’s Global Positioning: Reinforces India’s role as a hub for clean energy, digital infrastructure, and advanced manufacturing.

In short, Adani’s ₹6 lakh crore blueprint is one of the largest private capital deployment plans in India’s history, signalling a decisive push toward integrated infrastructure ecosystems that align with national priorities like energy transition, self-reliance, and digital growth.

Amazon Commits $35B to India: AI, Exports, and Millions of Jobs by 2030

Amazon has announced it will invest more than $35 billion in India by 2030, focusing on AI-driven digitization, boosting exports to $80 billion, and creating millions of jobs.

• Scale of investment: Over $35 billion by 2030, building on nearly $40 billion already invested since 2010.
• Strategic pillars:
  • AI-driven digitization – extending AI benefits to 15 million small businesses.
  • Exports growth – cumulative exports expected to reach $80 billion by 2030.
  • Job creation – between 1 million to 3.8 million new jobs projected.
• Broader impact: Amazon has already digitized 12 million small businesses and enabled $20 billion in exports from India.
• Global context: This comes right after Microsoft’s $17.5 billion AI and cloud investment in India, signaling a competitive race among tech giants.

Why India?

• Digital-first economy: India’s rapid adoption of cloud and AI makes it a hotspot for global tech firms.
• Manufacturing & exports: Amazon sees India as a hub for e-commerce exports, leveraging its seller base to reach global markets.
• Workforce potential: With a young, tech-savvy population, India offers a massive talent pool for AI and cloud expansion.

Risks & Challenges

• Regulatory hurdles: India’s evolving digital competition laws and data localization rules could complicate operations.
• Infrastructure gaps: Despite progress, cloud and AI adoption in smaller cities may face bandwidth and training challenges.
• Competitive landscape: Reliance Jio, Flipkart, and other domestic players are aggressively expanding in cloud and AI, intensifying competition.
• Geopolitical factors: Trade tensions and global supply chain disruptions could affect export targets.

Strategic Impact

• For India: This is one of the largest foreign investments ever, reinforcing India’s position as a global digital hub.
• For Amazon: Strengthens its foothold in a high-growth market, diversifies away from slower Western economies, and positions itself as a leader in AI-enabled commerce.
• For small businesses: Access to AI tools, global markets, and digital infrastructure could transform MSMEs into export-ready enterprises.

STT GDC to Invest $3.2 Bn in Its India Data Centre Capacity Expansion

ST Telemedia Global Data Centres (STT GDC) has announced a significant investment of $3.2 billion (approximately INR 26,000 crores) to expand its data centre capacity in India. This investment aims to add 550 megawatts (MW) of data centre capacity over the next 5-6 years, nearly tripling the company's current IT load capacity.

STT GDC India, in which Tata Communications holds a minority stake, currently operates 28 data centres across 10 cities in India, with a combined capacity of over 318 MW of IT load. This expansion is part of their strategy to meet the growing demands of India's digital economy, driven by increased data consumption, cloud computing, digital transformation, and the adoption of AI applications.

This move also aligns with India's vision for a $1 trillion digital economy by 2027-2028. The Indian government's plan is to invest over US$ 1 billion in the next five years as part of a hyper-scale data centre scheme.

India is poised for a significant expansion in data center infrastructure, with several noteworthy projects planned for 2024 and beyond.

Established in 2014, and headquartered in Singapore, ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers globally.

This year in June, STT GDC raised S$1.75 billion (approximately US$1.3 billion) from a consortium led by KKR and Singtel. This investment is aimed at supporting STT GDC’s growth plans and expanding its data centre capacity across various markets.

In 2019, STT GDC acquired Tata Communications’ remaining 26% stake in their data centre business in Singapore, known as STT Tai Seng1. This acquisition allowed STT GDC to fully own the facilities in Singapore, strengthening its position as an interconnection hub in the Asia-Pacific region.

STT GDC entered into a joint venture with VNG Corporation to build two data centres in Vietnam. This move is part of their strategy to expand their presence in the Asia-Pacific region.

Top Singapore CEOs Meet PM Modi To Pledge Investment In India

Prime Minister Narendra Modi recently met with top business leaders from Singapore during his visit. The CEOs from prominent Singaporean companies, including Blackstone Singapore, Temasek Holdings, Sembcorp Industries Limited, CapitaLand Investment, ST Telemedia Global Data Centers, and Singapore Airlines, pledged their commitment to invest in India.

Prime Minister Narendra Modi met his Singapore counterpart, Lawrence Wong, and the two countries signed 4 Memorandum of Understanding (MoUs).

This meeting underscores the strong interest in India as a leading investment destination and highlights the strategic initiatives being undertaken to boost bilateral trade and economic growth. The areas of investment discussed span a wide range of sectors, including infrastructure, real estate, data centers, and aviation.

Addressing the India-Singapore business roundtable meeting. https://t.co/UusHam08N6

— Narendra Modi (@narendramodi) September 5, 2024

It's an exciting development for India's economic landscape. The commitment from top Singaporean CEOs to invest in India is likely to have several positive impacts on India's economy:

1. Boost in Foreign Direct Investment (FDI): Increased FDI can lead to more capital inflow, which can be used for infrastructure development, technology upgrades, and other critical sectors.

2. Job Creation: New investments often lead to the creation of jobs, which can help reduce unemployment and improve the standard of living.

3. Technological Advancements: Investments in sectors like data centers and aviation can bring in advanced technologies and best practices, fostering innovation and efficiency.

4. Economic Growth: Enhanced investment can stimulate economic activities, leading to higher GDP growth.

5. Strengthening Bilateral Relations: Such commitments can strengthen economic ties between India and Singapore, leading to more collaborative projects and mutual benefits.

Overall, these investments can significantly contribute to India's economic development and global competitiveness.

Overseas Citizen of India Investment platform Established with proposed Fund size to touch $100 Bn over 5 Yrs

Dr M (BK Modi), global thought leader, Hon. President of the World Federation of United Nations Associations (WFUNA) & Chairman, OCI Investor Forum announced the formal launch of the OCI Investor forum. The forum will focus on promoting global economic investment by OCIs into various business sectors in India. The proposed size of investment to be generated would be approximately fifty percent of the current GDP.

The OCI forum is a unique attempt at developing a social approach to business investment and to escalate development in identified regions whilst encouraging technological and entrepreneurial innovation in a multitude of sectors. As its first project, the OCI investor forum will undertake investment in the region of Kashmir to develop 100 Global Wellness Hotels in Kashmir. Two seminal events were held in May & June 2019 in New Delhi and Srinagar to promote investment in Kashmir, prior to the government’s announcement on Article 370.

The OCI initiative will aid the development of a ‘New India’ as a USD 5 trillion economy by acting as a bridge to allow global Indians an opportunity to ‘give back to their homeland.’ Also because OCIs are possibly the most politically neutral community because they are not permitted to donate to any political party. This ensures that their investments are more positively motivated rather than politically motivated.

Dr Modi mentioned that Foreign Direct Investment is the key to the development of a USD 5 trillion economy as envisioned by the current government and avenues that support clean money trickling in from OCIs need to be supported. OCIs can play an impactful role in creating a corruption free, New India but they must be encouraged by the government through various policy initiatives. With the OCI Investor Forum, we are targeting to raise the GDP fifty percent over the next 5 years through investment in various areas such as healthcare and wellness hotels, Exponential technology and Hospitality etc.

OCIs are in a sense, global ambassadors of India who have garnered a systemic knowledge of wealth creation, investment and business growth in other nations. The OCI investor Forum will partner with individuals and entities like AAPI, AAHOA, SICCI etc. to bring in much needed clean capital and deep insight of global markets in the economy.

To ensure that OCIs can tend to their investments, develop more profitable Indian enterprises and participate in the economic development of the country they should be allowed to spend more time in the country. The forum recommends altering the permissible limit that OCIs can stay in India without affecting their status. Presently, OCIs can stay in the country for a period of 182 days without getting taxed on their global income earned outside India. This limit must be increased to at least 270 days to incentivise them to invest in the country.

One of the significant points of emphasis behind the formation of the forum is to safeguard the interests of OCIs looking to invest in India and ensure they have the most convenient, secure and efficient policy guidelines overseeing their investments. Policy decisions need to be made to ensure OCIs are granted immunity and relaxation for the ease of doing business in the country. In order to ensure they can contribute to their best economically, they must be given a separate ‘Diplomatic’ category, and not be clubbed with either NRIs or foreigners. Since OCIs are subject to laws of their own countries, they should therefore lie outside the ambit of investigation bodies like IT, ED and CBI etc.

The forum also proposed removing FDI cap across all sectors for OCI investment and the creation of state backed sovereign funds to invest in.

About Global Citizen Forum 

Global Citizen Forum (GCF) is an initiative of Dr M (BK Modi), global thought leader and futurepreneur. With 2 million members spread across the globe, Global Citizen Forum (GCF) has become a real force for public change and action. For over 5 years, GCF through its various events and conferences has attempted to underwrite public opinion on issues that affect the planet or its people in various nations. Business and economic investment are key to creation of a better planet. To execute positive public opinion of global citizens in to real, tangible change, GCF has instituted the OCI Investment forum. This new unit, will focus on garnering, curating and initiating discussions on investments by overseas citizens of India (OCI) into various business sectors and India.

GCF is confident that this social approach to business investment will escalate development in identified regions whilst encouraging technological and entrepreneurial innovation in identified sectors.

Brinton Pharmaceuticals Receives $8 Mn from India Alternative Investment Advisors

India Alternatives Investment Advisors Ltd. invested up to USD 8 million for a significant minority stake in Brinton Pharmaceuticals Limited. Among the fastest growing companies in the Indian pharmaceutical market, Brinton is focused on dermatology and has recently expanded into the paediatric dermatology & respiratory segments.

Established in 2013, Brinton Pharmaceuticals is a speciality-focused pharmaceuticals company offering a range of branded dermatology and paediatric formulations. Through a specialized and dedicated field force of over 500 personnel, the company’s products are marketed in India and in 12 countries across emerging markets.

Speaking on the occasion, Mr. Rahulkumar Darda, Chairman & Managing Director, Brinton Pharmaceuticals said, “We are excited to partner with an investor of the calibre of India Alternatives and strongly believe this
association will bring synergies and help us continue our profitable growth journey. This investment will enhance our capabilities in formulations and Research & Development for niche areas of dermatology and cosmetology and support expansion of the company’s footprint within India as well as globally."

Mr. Vijey Christopher J, Director, Brinton Pharmaceuticals added “In a short span of time Brinton has made its presence felt both in dermatology and paediatrics through our innovative high quality products stemming from
world-class R&D units across the globe. We are aiming for a leadership position in our represented product markets and have a strategic road-map to cross several milestones in the coming years."

Commenting on the investment, Ms. Shivani Bhasin Sachdeva, Founder & CEO, India Alternatives said, “India Alternatives’ investment in Brinton reflects its recognition of the Company’s solid management team, differentiated brands and focus on niche therapeutic segments. The investment in Brinton fits very well with two of our themes of women oriented consumption and health & wellness. We are excited to partner with Rahul and his team to support them through the next leg of their journey."

This transaction marks the second investment in Brinton by an institutional investor, following Tata Capital Healthcare Fund’s investment in 2017.

India Alternatives is a top performing mid-market private equity firm that backs unlisted companies that are the beneficiaries of transformational themes such as: women becoming more empowered as consumers; millennials driving a paradigm shift in consumption; technology reinventing financial services; and an increased focus on health and wellness. India Alternatives has made marquee investments including: NSDL – India’s largest depository; TransUnion CIBIL – a dominant credit information bureau; Gokaldas Intimatewear (Enamor) – a market leader in the women’s premium lingerie space and Seclore Technology – a rapidly growing cyber security company

Equirus Capital Private Limited acted as exclusive financial advisor to Brinton Pharmaceuticals, PDS Legal and Transaction Square acted as legal and tax advisors respectively to Brinton Pharmaceuticals. DSK Legal acted as legal advisors to India Alternatives.

ICICI Bank Intends To Invest In Fin Tech Startups In India

ICICI, an India's second largest bank in terms of assets, yesterday announced that it is open to investing in startups in the financial technology space even though it has not earmarked a dedicated entity for the investments.

"We are looking whether we should also invest in these companies and if there is an opportunity and if there is a compelling proposition, we will look at it," the bank’s Executive Director Rajiv Sabharwal told reporters here.

“We don’t have a dedicated fund line, but if there is an opportunity, we will look at it,” he said, adding the bank already works with startups either individually or through incubators.

In September last year, its smaller rival, South-based Federal Bank, announced a dedicated Rs 25 crore fund to invest in startups.

Since this January, when the government launched ‘Startup India’ initiative, a slew of lenders have announced plans for startups, even as the most successful startups have seen an erosion in valuations.

The lenders’ initiatives revolve around having dedicated branches and products with a focus on financial advisory for new-age entrepreneurs.

Market leader SBI launched a dedicated branch for startups in Bengaluru, which was followed by a similar move by private sector lender RBL Bank today.

Sabharwal said ICICI Bank is interested in technologies like big data and artificial intelligence, which will help it serve customers better.

The bank today declared winners of a mobile application developing contest and said over 2,000 entries were received.

The top honour went to Bengaluru-based startup employee Mohit Talwadiya for his ‘Conversational Banking’ app which will help do banking with ease of conversations based on natural language processing and artificial intelligence on multiple channels like chat and speech.

The bank will try to incorporate the winning innovations into its digital strategy.