Morning buzz: Tesla and Google's plans for India, Air India's mega aircraft order, and more

India has approved a $2.7 billion plan by Micron Technology to set up a semiconductor testing and packaging unit in Gujarat Image: Shutterstock

India approves $2.7 billion Micron chip testing plant

India has approved a $2.7 billion plan by Micron Technology to set up a semiconductor testing and packaging unit, the clearance for which came just ahead of Prime Minister Narendra Modi’s ongoing visit to the US. The plant is to be set up in Gujarat. The investment, which is likely to give a boost to the semiconductor industry in India, also aligns with the broader move of the Biden administration wanting US companies to reduce their risks of dealing with China.

(Reuters, Mint, Hindustan Times)

Air India finalises massive orders for aircraft

Air India, the Tata-owned airline, has signed up two separate orders—of 250 aircraft with Airbus and another 220 with Boeing—as part of the new owners’ aggressive plans to invest in new fleet and improve service, to regain its lost market share from private airliners on both domestic and international routes. This comes just a day after budget carrier IndiGo placed a record order to buy 500 A320 aircrafts from Airbus. 

(Reuters, Yahoo Finance, Times of India)

Tesla confirms coming to India ‘soon’

Tesla CEO Elon Musk has confirmed that the electric carmaker is looking to invest in India "as soon as humanly possible." This came after Musk met Modi in New York, during the latter’s ongoing US trip. Musk has also said he intends to visit the country in the coming year. It marks a significant development, considering that discussions with the company were on in the past, without concrete moves.