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Andhra Pradesh has emerged as India's top investment destination, capturing 25.3 per cent of all proposed investments in the first nine months of current fiscal (FY26), according to a Bank of Baroda report. The state now leads peers such as Odisha (13.1 per cent) and Maharashtra (12.8 per cent), signalling a shift in industrial momentum toward the eastern and southern corridors. The report notes that over half (51.2 per cent) of India's total proposed capital investment is concentrated in Andhra Pradesh, Odisha, and Maharashtra. Nationwide, investment announcements reached Rs 26.6 lakh crore in the period, up 11.5 per cent year-on-year. "There are clear signs of a pick-up in investment intentions in the country this year," the report said, adding this was on the back of a very positive policy package of the government which has focussed on capex, lowering of income tax rates and GST 2.0. This, it said, has countered to an extent the impact of the higher tariffs imposed by the USA o
Tamil Nadu has signed a total of 270 MoUs with several corporates committing investments to the tune of Rs 2.07 lakh crore in 2025, Minister for Industries TRB Rajaa said. The Memoranda of Understanding (MoUs) signed were expected to generate over 4 lakh job opportunities in the State, he added. Detailing about the significant achievements made in 2025, Rajaa said, "It (2025) was another fantastic year of the Dravidian Model in focused execution. Over 270 MoUs worth a total of Rs 2.07 lakh crore of committed investments were signed in 2025 alone and these MoUs have opened up over 4 lakh new job opportunities." The growth was distributed across Tamil Nadu as investment conclaves were held beyond Chennai and the regional spread of investments improved in 2025, he said, in a social media post late on January 1. Many new TIDEL Neo parks (mini IT Parks) took Information Technology closer to the homes of aspiring youths, while the first-ever State Industries Promotion Corporation of Tami
Haier Appliances India looks to become a USD 2 billion sales company in the next 3-4 years on the back of a high double-digit growth powered by expansion in product category and channels, according to a top official. The home appliances maker has earmarked an investment of over Rs 1,000 crore between 2024-2028 to set up new AC Production and Injection Molding Units. It has already ploughed in Rs 2,400 crore in its plants at Pune and Greater Noida so far. With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition. "Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity. The new plant will be 2.5 million units," Haier Appliances India President NS Satish told PTI on Sunday. Haier is also looking to set up a plant in South India and will announce the planned investment soon. Without sharing any .
ACME Solar on Sunday said it has planned an investment of Rs 17,000 crore on capital expenditure by 2026 with a focus on hybrid and round-the-clock renewable capacities. The company is also evaluating entry in nuclear energy segment, though these plans are at a drawing board level, ACME Solar said in a statement. ACME Solar Holdings plans to invest Rs 17,000 crore by 2026, according to the statement. "We intend to focus our new capacities on the revenue and margin accretive hybrid and FDRE (Firm and Dispatchable Renewable Energy) projects as a critical pivot in our business strategy," CEO Nikhil Dhingra said. Renewable energy projects integrated with energy storage systems are referred as FDRE projects. Such projects ensure round-the-clock supply of green power, addressing challenges related to variable RE production. Dhingra further said that ACME Solar plans to roll out its capacity expansion in two phases starting in April this year. As of the nine-month period of FY25, ACME .