In anticipation of the national Goods and Services Tax roll-out in July, warehousing facilities will increase by 18 percent to 132.5 million sq ft, and this sector is likely to see investments of about $700 million, according to industry experts Delhi-NCR had the maximum warehousing stock in 2016 at 29.3...
MIT Grads Provide Biodegradable Sanitary Pads to Rural India
A startup, Saathi (meaning 'companion' in Hindi), founded by three graduates from the Massachusetts Institute of Technology and a graduate from Nirma University in India, is hoping to improve access and waste disposal of sanitary pads for women in rural India. 275,000,000 women in India cannot access pads because they are...
Baxter Acquires India's Claris Lifesciences
To boost its position in the global sterile injectables market, estimated at more than $40 billion and growing at a 10% annually, Illinois-based Baxter International acquired Ahmedabad, India-based Claris Lifesciences, that deals in the specialty injectables business, for $625 million. The deal will close in the second quarter of 2017....
iBASEt Expands Operations in Ahmedabad
Headquartered in Foothill Ranch, California, iBASEt, provider of software solutions to complex, highly regulated industries such as Aerospace and Defense, Medical Devices, Nuclear, Industrial Equipment, Electronics, and Shipbuilding, expanded its India operations last month. The new office in Ahmedabad, in the western state of Gujarat, will expand iBASEt’s footprint in...
McKinsey: Emerging Demographics Are the New Emerging Markets
“Urban World: The Global Consumers to Watch”, a report by the McKinsey Global Institute says that global urban consumption is expected to grow by $23 trillion over 15 years, at a compound annual growth rate of 3.6 percent. 32 cities globally, including two from India - Delhi and Mumbai –...
Make in India Exhibition Gets Response
The Make in India week, organized by the Department of Industrial Policies and Promotion and the western state of Maharashtra created avenues for showcasing, connecting and collaborating for manufacturing in India. The response from corporate investors from domestic and international markets was significant , and 2,094 memorandums of understanding were...