Zetwerk Manufacturing, a $3.1 billion company in the contract manufacturing space, is planning to come up with an initial public offering within the next 15-24 months, a top company executive said on Saturday. The Bengaluru-based company aims to raise at least $500 million, targeting a valuation of around $5 billion.
West Bengal Chief Minister Mamata Banerjee Wednesday said that the focus of the Trinamool Congress government will be on industrial development in the state for which packages will be drawn up. Speaking at the inaugural session of ABP Infocom virtually, Banerjee said the target of the government now is to promote development of industry in West Bengal and all industries will be given equal importance. "Our state is number one in imparting social justice. "Now our target is industry. More importance will be given to it now. Packages for the industry will come", she said adding that West Bengal will be the new industrial destination in the country.
Uttar Pradesh has the potential to attract investment of about Rs 72,000 crore (Rs 720 billion) by 2020 in the field of electronics system design and manufacturing.
The government is in negotiations with electronic chip makers for setting up a high-tech facility in India this year, Telecom and IT Minister Kapil Sibal said.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
Work on a dozen decisions to start by next week.
Govt announces slew of schemes for rural India
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
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