Indian technology news in July of 2024 captured a range of important items, including: the country’s growing commitments to developing a full-spectrum semiconductor design and manufacturing industry; India’s fast-growing space-launch and satellite technologies industry; Google’s moves to boost and partner with India’s potentially huge AI-focused workforce; India’s partnership with the UK on critical technologies and their supply chains; and more.
Plus: Asia’s Tech Newsletter, Weekly >
Carnegie India: Geopolitics, India and semiconductors
- An intro to India’s Silizium Circuits semiconductor startup, working with TSMC on 2 semiconductor chips and with more in development / full item
- India: iVP Semi secures $5M pre-A and unveils chip design center plans for Chennai and Bangalore, alongside licensing semiconductor chip product IP from Taiwan, Japan and the US / full item
- India: Matter EV startup secures $35M with focus on electric motorbikes and development of proprietary tech stack consisting of drive-train and energy storage devices / full item
- Reserve Bank of India joins Project Nexus, collaborating with Malaysia, Philippines, Singapore, and Thailand to facilitate instantaneous cross-border retail payments / full item
- Download: ‘Realising “AI for all” in India’ from EY (direct pdf link) / full item
- India’s Zypp Electric secures $15M funding led by Japan’s ENEOS energy conglomerate with goal of taking electric vehicle rental services to wider SE Asia markets / full item
- India and Bangladesh partner on emerging tech including civil nuclear and space, and development of a small satellite for Bangladesh for launch via an Indian launch vehicle / full item
India’s Tier-2 & Tier-3 cities’ semiconductor opportunity: “”…expenses up to 30% lower than in Tier-1 cities, including employee salaries, real estate, and administrative costs.” / full item
- India’s L&T engineering and infra conglomerate acquires Bengaluru’s SiliConch Systems, a fabless semiconductor design company, fast-tracking L&T’s chips presence / full item
- Download: ‘FinTech – powering India’s USD 5 trillion economy by fostering innovations, enabling inclusion and building a sustainable future’ from PwC India (pdf link) / full item
- India: WazirX crypto exchange halted withdrawals following security breach that resulted in the loss of $230M, near half its reserves / full item
- India: Google has rolled out availability to a range of AI-focused tools for Indian developers, including next-gen AI models and developer studio / full item
- “Project Nexus aims to connect domestic instant payment systems to improve… cross-border payments… with the central banks of India, Malaysia, Philippines, Singapore & Thailand” / full item
Elevation: Generative AI in Consumer Applications in India
- India’s Jio conglomerate and Taiwan’s MediaTek semiconductor giant to supply India’s electric scooter market with digital dashboards and Android-based operating system / full item
- India and UK partner for tech security initiative, aiming to work closely on crucial technologies and supply chains across critical minerals, AI, semiconductors, telecoms and beyond / full item
- ‘How India Shops Online: Consumer preferences in the metropolises and Tier 1-4 cities’, a brief overview from PwC India / full item
- Startup Sprint 2024 from Buhler India opens applications, seeking food- and agri-tech startups focusing on food processing and related value chains / full item
- India: Ecom Express logistics firm to raise $172M, adding to 3000 existing e-commerce focused facility centers serving over 2700 towns / full item
- Download: ‘Anchoring the Bay of Bengal in a Free and Open Indo-Pacific’ from India’s Observer Research Foundation, and Global Policy Journal / full item
- Singapore state investment giant, Temasek, to invest up to $10BN in India over 3 years, seen in part as a response to underperformance on China investments / full item
- Australia’s Space Machines Company inks Launch Service Agreement with NewSpace India, government company under Indian Space Research Organisation, for SMC’s next sat launch / full item
PwC India: Fintech – Powering India’s USD 5 Trillion Economy (pdf link)
