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Technology
Daikin–Rechi Begins Work On Rs 547-Crore Compressor Plant In Sri City
Daikin–Rechi India Pvt. Ltd. on Wednesday commenced construction of its rotary compressor manufacturing facility at Sri City, marking a significant boost to India’s Heating, Ventilation and Air Conditioning (HVAC) manufacturing sector. The joint venture between Daikin Air-conditioning India Pvt. Ltd., a wholly owned subsidiary of Japan’s Daikin Industries Ltd., and Taiwan’s Rechi Precision Co. Ltd., will invest Rs 547 crore in the first phase. The project is expected to generate around 500 direct jobs.
Technology
Qualcomm’s India teams drive 2nm chip design as company bets big on talent and AI
The US-based semiconductor company recently announced the tape-out of its 2-nanometre semiconductor design. Maddali said this achievement is a testament to the strength and depth of the company's engineering teams in India. The Qualcomm Bengaluru campus serves as a key engineering centre for development across next-generation wireless, AI, compute, and system-level technologies.
Business
Kerala to sign sister state deal with Hesse, Germany
In a significant development in the state’s employment and skills sector, Kerala will sign a ‘Sister-State Agreement’ with the German state of Hesse in March. With the new deal signed, the state expects to provide government-verified job opportunities, German-supported skill development and set up projects for social development.
Business
TRB Raaja pegs FY 26 electronics export at $18 billion, eyes R&D
Industries minister T R B Raaja on Tuesday expressed confidence that Tamil Nadu would cross $18 billion in electronics exports this year as the country's electronics exports this year as the country's electronics exports would be around $45 billion. As the industry is expected to grow to $500 billion by 2031, TN has set a target of $150 billion, he said, adding that while scaling exports, TN is pivoting toward research and development to compete globally.