Deccan Region Today
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Business
$15 billion investment: Google to kick off data centre project on April 28
Six months after the formal signing of a memorandum of understanding (MoU) between Google and the Andhra Pradesh government to set up a data centre hub, the global tech giant will formally kick off the project on April 28. Google and its subsidiaries have data centres in 11 countries - the United States, Taiwan, Japan, Singapore, Ireland, the Netherlands, Denmark, Finland, Germany, Belgium, and Chile, spread across 29 geographic locations. The data centre cluster in Visakhapatnam is expected to be Asia's largest.
Geopolitics
AP aims to establish international arbitration centre
The establishment of an international arbitration centre in Andhra Pradesh is the goal of CM Nara Chandrababu Naidu said state Minister Kondapalli Srinivas. The Asian Centre for International Arbitration and Mediation hosted the inauguration of its centre in Visakhapatnam, followed by the MSME Conference, bringing together leading policymakers legal experts, and industry stakeholders to deliberate on strengthening India's MSME ecosystem.
Business
Veva Toys Global to invest Rs 1,000 crores in 5 yrs
Homegrown toy manufacturer Veva Toys Global is investing Rs 1000 crore over the next five years. The investments are aimed at scaling production, setting up a new factory, expanding component manufacturing, and strengthening R&D, as the company taps into export market. It is also diversifying into drone manufacturing to produce toy drones for kids and professional drones for commercial purpose.