Deccan Region Today
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Business
Andhra govt boosts land allotment for Google AI data centers to 600 acres
The Andhra Pradesh government on Wednesday approved increasing the land allotted to Raiden Infotech India Pvt Ltd, a Google company, from 480 acres to over 600 acres for setting up AI data centers valued at nearly ₹90,000 crore. N Yuvaraj, Secretary of the IT, Electronics & Communications (ITEC) Department, said the allotment of land by Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in favour of Adani Infra (India) Ltd, the notified partner of Raiden Infotech, has been approved.
Geopolitics
From trade to defence, AI anchors new US - India alignment
Artificial Intelligence has moved from the realm of innovation labs to the core of geopolitics and in that transformation, Bengaluru has emerged as the operational nerve centre of a rapidly deepening US- India strategic partnership. Under Secretary of Commerce for International Trade William Kimmitt's visit to the city this week was more than a routine diplomatic engagement ahead of the India AI Impact Summit in New Delhi.
Technology
India gets its first private sector helicopter assembly line with inauguration of Tata-Airbus facility in Karnataka
Two years after it was announced, India’s first private sector helicopter final assembly line (FAL)—to manufacture Airbus’s best-selling H125 helicopters was inaugurated on Tuesday at Vemagal in Karnataka’s Kolar district. The facility, built by Tata Advanced Systems (TASL) in partnership with European aerospace major Airbus, was inaugurated virtually by Prime Minister Narendra Modi and visiting French President Emmanuel Macron.
Business
Cochin Shipyard bags USD 360 million order from French firm CMA CGM Group for six LNG-based vessels
Cochin Shipyard has bagged new shipbuilding orders worth around USD 360 million (around Rs 3,267 crore) from France-based CMA CGM Group to deliver six LNG-powered vessels. With the latest win, the company's total order book has reached around Rs 23,000 crore. Cochin Shipyard and the France-based shipping and logistics player signed a supply agreement in the national capital on Wednesday, in the presence of Shantanu Thakur, Minister of State at the Ministry of Ports, Shipping and Waterways.
Business
SATRAC opens its third plant in Chennai, plans to invest Rs 900 crore in its expansion
Bengaluru-based trailer and truck body manufacturer, SATRAC Engineering Private Limited, on Wednesday inaugurated its first plant outside Karnataka at Sriperumbudur near here with an investment of Rs 250 crore. SATRAC, which is a wholly owned subsidiary of Japan’s Kyokuto Kaihatsu Kogyo Co, also plans to set up three new plants in Pune, Gujarat, and Jamshedpur, and redevelop one of the existing plants in Bengaluru by investing about Rs 900 crores in the next two years.