Mentor, a Siemens business, announced a strategic collaboration program with THE GAIN (The Global Accelerator for Innovation Network) – a Bangalore, India-based technology accelerator company focused on product engineering IP startups. Both organizations will work with innovative Indian startups to accelerate, develop, and customize IP to address both domestic and...
Microsoft Announces First Solar Energy Deal in India
Microsoft announced the completion of its first renewable energy deal in India. Under the agreement, the company will purchase 3 MW of solar-power from Bangalore, India-based Atria Power for its new office building. The new deal will meet 80 percent of the projected electricity needs at Microsoft's Bangalore facility. Once completed,...
Microlease Inaugurates Test Center of Excellence in India
U.K.-based Microlease, a provider of test equipment, launched a new ‘pay-as-you-go’ test facility in Bangalore for start-ups and small to medium-sized enterprises in India. The Microlease Test Center of Excellence allows companies to reduce product development cycle times by providing flexible, low-cost access to the latest test technology. It also offers...
Global Captive Centers Outpace Indian I.T. Companies in Hiring
For the first time since 2008, global in-house center (GIC) hires by foreign companies overtook the number of people hired by India's IT services and back-office companies. About 1,100 GICs now employ 900,000 people in India. "While hiring by pure-play India-based technology services players was muted, Indian GICs have hired...
Temasek and Ascendas-Singbridge Group to Invest in India Logistics
Singapore-based Ascendas-Singbridge Pte Ltd., that offers urban development solutions, will invest $320 million in logistics and industrial real estate in India. The company launched the Ascendas India Logistics Program which targets developing a portfolio of thirteen to fifteen million square feet of space in key warehousing and manufacturing hubs in...
American Companies Top in Leasing Commercial Space in India
In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...