Deccan Region Today

Google AI Hub ecosystem in Vizag expands with ₹1,008-crore logistics park, 5,000 new jobs

Tech giant Google's AI and hyperscale data centre ecosystem in Andhra Pradesh just got bigger, with a logistics and light industrial park to be developed by Ecobox Industrial Asset IV Pvt Ltd at an investment of Rs 1,008 crore. The park will support Google's upcoming India AI Hub in Visakhapatnam. The project, expected to generate around 5,000 direct jobs, is the latest investment in the rapidly expanding ecosystem being built around Google's landmark AI infrastructure project in the state.

Exide to commercialize Li-ion cell manufacturing with 6GWh capacity by FY26 end

Battery major Exide Industries, which is nearing the completion of its lithium-ion cell battery manufacturing facility, expects to commercialize the plant with a capacity of 6 GWh under the first phase towards the end of the financial year 2026. Exide has a partnership with China-based SVOLT Energy Technology Co Ltd, which develops and manufactures lithium-ion batteries and storage solutions for multiple applications. Exide has secured the rights to use and commercialize SVOLT’s technology and know-how for lithium-ion cell manufacturing.

India-UK FTA to boost bilateral trade to $100 billion by 2030; engineering, textiles among biggest beneficiaries

The India-UK Free Trade Agreement (FTA), which comes into force on July 15, is expected to increase bilateral trade to $100 billion by 2030, creating significant opportunities for Indian exporters, manufacturers, service providers and businesses across sectors, Darpan Jain, Additional Secretary, Department of Commerce said on July 14. Manufacturing clusters across Tamil Nadu, Karnataka, Uttar Pradesh, Maharashtra, Gujarat, and Telangana are expected to benefit through increased investment, skill development, MSME participation, and industrial expansion.

Hyderabad-based Sigma acquires UK’s Bromford Precision for Rs 153 crore

The city-based, Defense and Aerospace major, Sigma Advanced Systems announced the acquisition of 100% of the equity share capital of Bromford Precision Solutions Limited, a leading UK-based specialist manufacturer of high-precision, complex aeroengine rings and other engine structures. The transaction, valued at approximately GBP 11.89 million (approximately Rs.153 crore), is expected to close by end July 2026, subject to customary closing conditions.