India’s tech news in June 2024 touched on items including AI-generated television presenters, India-US partnerships on critical minerals and rare earth minerals, tightening scrutiny of foreign ownership of India’s manufacturing assets, India’s opportunity in the global semiconductor manufacturing industry, and more.
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Payments Megatrends Asia Pacific 2024
- 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
- India: Doordarshan public service broadcaster has rolled out farmer-focused news using 2 AI-generated presenters, aiming to soon broadcast in 50 of the country’s languages / full item
- Indo-U.S. Global Challenges Institute preps for launch, an initiative of the Council of Indian Institutes of Technology and the Association of American Universities / full item
- India and US agree to co-invest in South American lithium project, and rare earths deposit in Africa, to diversify mineral supply chains, alongside a range of other partnership projects / full item
Deloitte: Generation AI – Ready or not, here we come!
- India: China’s Vivo smartphone giant reportedly to sell factory stake to Tata Group, responding to tightening scrutiny of foreign businesses operating in India / full item
- India: Jio Platforms gains approval from space regulator to operate satellites, overtaking Starlink and Amazon services in provision of satellite-delivered internet / full item
“Amazon plans to invest about $12.7bn in cloud infrastructure in India by 2030, while Microsoft has committed about $3.7bn to India’s southern state of Telangana, local officials have said.” / full item
- India to host annual SEMICON event in September, the world’s leading semiconductor industry event / full item
- India’s Tata Steel and Australia’s Monash University ink MoU to establish sustainability-focused innovation centre / full item
- India: Ethereal Machines gains $13M with multi-axis CNC manufacturing, allowing precision parts for aerospace, defense, consumer electronics and more / full item
KPMG Venture Pulse Q1 2024 – Asia findings
- India: The StepUp Ventures incubator cohort 4 Demo Day is set for June 20-21, showcasing 10 startups from Tier 2 and Tier 3 cities / full item
- ‘A growth agenda for India-Australia economic ties’, a short piece that touches also on blockchain, digital payments and, of course, geopolitics / full item
- Startup Ecosystem Pulse Report, SEA and India edition, is available now, drawing on survey of 600 across Singapore, India, Indonesia and The Philippines / full item
- TCS, India’s largest IT services firm by market cap, launches WisdomNext aggregated generative artificial intelligence platform, focusing on enterprise adoption of GenAI tech / full item
- ‘Decoding The $150 Bn+ Semiconductor Market Opportunity For Indian Startups’, an overview drawn from Inc42’s ‘The Rise Of India’s Semiconductor Startups Report 2024’ / full item
India “…is on track to add up to 850 megawatts of new [data center] capacity in the three years through 2026, nearly doubling from about 950 MW at the end of last year…” / full item
- India: Adani Group multinational conglomerate to step into e-commerce and digital payments, positioning as a competitor to Google and India’s Reliance Industries / 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
“…estimated that the Indian semiconductor market will exceed $55 billion by 2026. Moreover, the country’s domestic electronics production output is projected to surpass $300 billion by 2030.” / full item
- ‘Autocratic Connectivity In China And India’: “The ruling parties of the world’s two largest nations are fusing high-tech tools with old-fashioned patronage and local wardens.” / full item
- China launched Pakistan’s PAKSAT MM1 from Sichuan, ostensibly to provide better and widespread internet access, and building on early-May iCube-Qamar launch / full item
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Indo-Pacific tech news editions
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