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Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth

Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth

Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth
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Amazon Commits $35 Billion to Boost AI in India by 2030

Amazon Commits $35 Billion to Boost AI in India by 2030

Amazon has announced a substantial investment of over $35 billion in India's artificial intelligence (AI) and cloud infrastructure by 2030. This commitment was revealed at the Amazon Smbhav Summit in New Delhi and builds on the nearly $40 billion already invested in the country. The funds will focus on AI-driven digitization, export growth, and job creation, aligning with India's national priorities to enhance its local AI environment. By 2030, Amazon aims to generate an additional 1 million jobs in India, quadruple exports to $80 billion, and deliver AI benefits to 15 million small businesses. This move underscores Amazon's strategy to capitalize on India's growing digital economy.
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Exclusive-Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying

Exclusive-Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying

By Aditi Shah NEW DELHI, Dec 11 (Reuters) - Mexico's decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources
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Mexico's lower house approves tariff hikes on Chinese, other Asian imports

Mexico's lower house approves tariff hikes on Chinese, other Asian imports

By Diego Oré MEXICO CITY, Dec 10 (Reuters) - Mexico's lower house early Wednesday approved tariffs of up to 50% next year on imports from China and several other Asian countries, aiming to boost domestic production and address trade imbalances. 
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India's MNRE Clarifies No Halt on Renewable Energy Financing Amid Overcapacity Concerns

India's MNRE Clarifies No Halt on Renewable Energy Financing Amid Overcapacity Concerns

The Ministry of New and Renewable Energy (MNRE) in India has clarified that it has not issued any advisory to halt or pause financing for renewable energy projects. This clarification comes amid reports suggesting that financial institutions were advised to stop lending due to overcapacity concerns. As of October 2025, India's installed capacity from non-fossil sources is approximately 259 GW, with significant growth in solar PV manufacturing. The MNRE aims to make India self-reliant in solar PV manufacturing and a major player in the global value chain. The ministry is encouraging financial institutions to expand their portfolios to include upstream stages of solar PV manufacturing, such as solar cells and polysilicon, rather than focusing solely on solar module manufacturing.
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GameChange BOS Surpasses Transformer Orders Amid New Facility Expansion

GameChange BOS Surpasses Transformer Orders Amid New Facility Expansion

GameChange BOS Surpasses Transformer Orders Amid New Facility Expansion
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Sri Lanka Faces Severe Crisis Following Cyclone Ditwah, President Calls for Global Support

Sri Lanka Faces Severe Crisis Following Cyclone Ditwah, President Calls for Global Support

Sri Lanka is grappling with the aftermath of Cyclone Ditwah, which has caused extensive damage and loss of life. President Anura Kumara Dissanayake has described the situation as a 'crisis beyond our control,' with over 600 fatalities and 20,000 people left homeless. The cyclone has compounded existing challenges from a recent debt crisis and political instability. The president has called for a reevaluation of debt sustainability frameworks for climate-vulnerable countries, emphasizing the need for international support in rebuilding efforts. The cyclone's impact has highlighted the geopolitical significance of Sri Lanka, with rapid assistance from neighboring India and ongoing relations with China and the United States.
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India and Israel Sign Agreement to Advance Sustainable Agricultural Technologies

India and Israel Sign Agreement to Advance Sustainable Agricultural Technologies

India and Israel have signed a significant agreement to enhance agricultural cooperation through a joint venture named Semiophore Ltd. This partnership involves ATGC Biotech Pvt. Ltd. from India and Luxembourg Industries Ltd. from Israel. The venture will focus on manufacturing and commercializing Indian pheromone-based crop protection technologies globally. This marks the first instance of Indian semiochemical technology being out-licensed and produced in Israel. The agreement was announced at the First International Science & Technology Clusters Conference in New Delhi, attended by senior officials from both countries.
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NITI Aayog's Ramesh Chand Projects 4% Agriculture Growth in India by FY26 Driven by Fisheries and Livestock

NITI Aayog's Ramesh Chand Projects 4% Agriculture Growth in India by FY26 Driven by Fisheries and Livestock

Ramesh Chand, a member of India's NITI Aayog, has projected a 4% growth in the country's agriculture sector by the fiscal year ending March 2026. This growth is expected to be driven primarily by significant expansions in the fisheries and livestock sectors, including poultry and eggs. Chand made these remarks during the Agri Business Summit 2025 in New Delhi. Despite recent flooding in Punjab, which caused localized damage, the overall national agricultural output remains strong. Chand emphasized the importance of sustaining higher farm growth to achieve India's broader economic goals, suggesting that a 5% growth rate is necessary for the country to become a 'Viksit Bharat'. He also highlighted the potential for India to triple its agricultural GDP through innovative technologies and high-quality agricultural inputs.
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Indian AI royalty proposal targets data practices of OpenAI, Google

Indian AI royalty proposal targets data practices of OpenAI, Google

By Arpan Chaturvedi and Munsif Vengattil NEW DELHI, Dec 9 (Reuters) - An Indian government panel has proposed requiring AI companies to pay content creators a share of revenue for using their work to train models, a setback for companies such as OpenAI and Google that back free access to publicly
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India-Israel Partnership to Advance Sustainable Agricultural Technologies Globally

India-Israel Partnership to Advance Sustainable Agricultural Technologies Globally

India and Israel have launched a joint venture to manufacture and commercialize Indian pheromone-based crop protection technologies globally. This initiative, announced at the First International Science & Technology Clusters Conference in New Delhi, involves ATGC Biotech Pvt. Ltd. from India and Luxembourg Industries Ltd. from Israel forming Semiophore Ltd., a 50-50 partnership. This marks the first instance of Indian semiochemical technology being produced in Israel. The venture aims to reduce insecticide use by over 80%, providing a greener alternative to chemical pesticides. The agreement was formalized in the presence of senior officials from both countries, highlighting the deepening partnership in food security and agricultural technology.
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Study Highlights Tariff Cuts and Data-Driven Subsidies as Key to Boosting Agriculture

Study Highlights Tariff Cuts and Data-Driven Subsidies as Key to Boosting Agriculture

A study presented at the Annual BIDS Conference on Development (ABCD) 2025 emphasizes the importance of eliminating import tariffs on key agricultural machinery and implementing data-driven subsidies to enhance agricultural output. The study, presented by Moogdho Mahzab from the International Food Policy Research Institute (IFPRI), highlights the significant impact of mechanization on farm performance, employment, and labor allocation in countries like India, China, and Myanmar. The research notes a substantial increase in the use of mechanical harvesters among rice farmers, rising from 0.9% in 2018 to 19.39% in 2023. The study also recommends standardizing subsidy rates, creating dedicated credit lines for machinery purchases, and investing in farmer capacity building.