- Nokia has announced that it intends to invest around $75 million in 2008, in its manufacturing plant in Sriperumbudur in Chennai.
- Inventus Capital, an Indo-US VC firm set up by Kanwal Rekhi, founder of The Indus Entrepreneurs (TiE) is in the process of raising $125 million for investments in tech startups that operate cross-border - in both the Indian and US markets. Inventus is targeting embedded software, mobile services, knowledge process outsourcing startups, as well as those creating Intellectual Property.
