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Malaysia aims for $107 billion investment in its semiconductor industry, led by Prime Minister Anwar Ibrahim, targeting design, packaging, and manufacturing. The country is a key player globally, attracting major investments from firms like Intel and Infineon.
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.
AbleCredit raised $1.25 million in a seed round led by Merak Ventures to address the credit gap in emerging nations using innovative AI solutions, aiming to process one million loan applications for small businesses.
InCred Capital appointed Vikram Agarwal as its COO, who brings extensive experience from Julius Baer India to lead various functions at the Mumbai-based company.