British-Dutch oil and gas multinational Shell opened a new major technology hub in Bangalore -- a 52 acre, custom-built facility - that can house up to 1,500 scientists and engineers, who will work on worldwide innovative energy projects. This third center, which is similar to those in Amsterdam and Houston,...
Panasonic Announces its First India Innovation Center
Osaka, Japan-based Panasonic will jointly work with India's Tata Consultancy Services (TCS) at its Center of Excellence - a part of the India Innovation Center - that it set up at TCS's campus in Bangalore. Both companies will drive innovation and create new business opportunities in the Internet of Things...
"Co-Working" Catches on in India
Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year. "Though still nascent, this category could prove to be a disrupter as bigger co-working...
Warehousing Sector Surges in India
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...
Apple Looks to Expand in India
India has offered to allow Apple Inc., to import mobile handset components intended for use in local manufacturing tax free; but these concessions will be subject to the condition of increasing local value addition over a period of time. Aruna Sundararajan, Secretary at the Ministry of Electronics and IT told...
India's Infosys to Set Up Tech Center in Indiana
Bangalore, India-based information technology company Infosys announced that it will establish a central Indiana tech center, the first of four facilities it plans to launch as part of a broader expansion in the United States that is projected to create 10,000 jobs over the next two to four years. Vishal...