The Adani Group has announced plans to establish a $2 billion international convention center in Mumbai, aiming to rival the Jio World Convention Centre. This ambitious project is set to enhance Mumbai's position as a global business hub.
Meanwhile, Andhra Pradesh will see significant industrial growth with BPCL's proposed oil refinery and petrochemical hub in Ramayapatnam, Nellore. The project, valued at Rs 60,000 crore, is expected to boost the state’s economy and employment.
In a global shift of business operations, India has emerged as the top destination for companies relocating out of China, according to a Bain & Company report.
Among surveyed firms, 39% chose India, followed by North America (16%), Southeast Asia (11%), Western Europe (10%), Latin America (8%), and others (16%).
This trend reflects India’s growing appeal as a manufacturing and investment destination amidst global supply chain realignments.
These developments speak volumes about India’s rising prominence on the global economic stage.