Page 7 - BUSINESS COMMUNIQUE ver. 2

BIZ FLASHBACK
BIZ FLASHBACK

OCTOBER
OCTOBER

Tesla's Entry into India: Tesla announced plans to establish a
manufacturing facility in Gujarat, marking a significant milestone in

India's electric vehicle (EV) sector and highlighting the country's
appeal to global automotive giants

NOVEMBER
NOVEMBER

Vedanta's Semiconductor Investment: Vedanta made
substantial investments in semiconductor manufacturing,
aligning with India's ambition to become a global hub for chip

production under the "Make in India" initiative.

DECEMBER
DECEMBER

Surge in Startup Funding: Despite global economic challenges,
India witnessed the emergence of over 15 new unicorns in
sectors such as fintech, health tech, and agritech, reflecting the

resilience and dynamism of its startup ecosystem.

JANUARY
JANUARY

Record-Breaking IPOs: Indian companies, particularly in the tech
and manufacturing sectors, launched successful initial public
offerings (IPOs), collectively raising over ₹1 lakh crore in capital
markets.

FEBRUARY
FEBRUARY

Economic Expansion: India's private sector output grew at the
fastest pace in four months, with the HSBC December flash India

Composite Purchasing Managers' Index (PMI) rising to 60.7,
indicating strong private sector expansion.

MARCH
MARCH

Government's Additional Expenditure Approval: The Indian

government sought parliamentary approval to allocate an
additional ₹5.9 billion for the fiscal year ending March 31,
2025, including funds for upgrading telecom networks and

implementing a new Unified Pension Scheme for federal
employees.
6