May 14, 2026
India’s Automakers Plan US$ 4.23 Billion CAPEX Push Amid Rising Vehicle Demand
India’s leading automobile manufacturers are planning capex investments worth Rs. 40,000 crore (US$ 4.23 billion) to expand production capacity, strengthen EV manufacturing and support rising vehicle demand.
External Affairs Minister Dr. S. Jaishankar and Chilean Foreign Minister Mr. Francisco Perez Mackenna discussed trade diversification, multilateral cooperation and expanding bilateral economic engagement across strategic sectors.
Union Minister Mr. Piyush Goyal highlighted India’s focus on boosting exports, strengthening FTA utilisation and expanding global investment partnerships to support long-term economic growth.
India-Japan Seek to Advance Cooperation in Critical Minerals, Semiconductors and ICT
India and Japan are strengthening cooperation in critical minerals, semiconductors and ICT to enhance supply-chain resilience, technology partnerships and advanced manufacturing capabilities.
MeitY launched the IP Catalyst and a digital platform to strengthen intellectual property commercialisation, innovation ecosystems and technology-driven entrepreneurship in the electronics and IT sectors.
Bayer’s FarmRise platform has reached 5 million registered users in India, strengthening digital agricultural services, farmer outreach and technology-driven farming solutions across rural ecosystems.