In a report titled The Trillion-Dollar Manufacturing Exports Opportunity for India, Boston, MA-headquartered Bain & Company posits that India's manufacturing exports are set to touch the $1 trillion mark by 2028. Over the last two years India’s manufacturing exports stood at $418 billion in FY22, rising at a CAGR of...
Advent to Acquire Controlling Stake in Indian Biopharma Maker
Boston, MA headquartered global private equity investor Advent International will acquire a majority stake in Mumbai India-based Bharat Serums and Vaccines Limited. The acquisition is expected to close by the end of 2019. Bharat Serums is a biopharmaceuticals company focussed on women’s healthcare, assisted reproductive treatment, and critical care and...
American Tower Company Expands Indian Stake to 90%
American Tower Company, a real estate investment trust that owns, operates, and develops wireless communications and broadcast towers in the United States, acquired India's Tata Teleservices’ 13% residual stake in ATC Telecom Infrastructure Private Limited, for $360 million. With this acquisition, the Boston, MA-based independent tower firm now owns nearly...
India Company Acquires Boston Health Startup
Pune, Maharastra-based Persistent Systems acquired Boston, MA-based hospital data management company, Herald Health, a two-person health tech startup with successful pilots at Brigham and Women's and Boston Children's Hospitals in Boston. The deal was closed for $5.2 million. Herald Health has created a software platform that allows various hospital stakeholders...
American Tower Corp Evaluates Additional Assets in India
Having bought Vodafone India and Idea Cellular’s 20,000 cell phone towers in India in November for $1.2 billion, Boston-based American Tower Corporation will evaluate more tower asset acquisitions to grow operations in India. James D. Taiclet, chairman and chief executive of the company, said that his company's near-term focus would...
GE, India's Tata to Manufacture Jet Engine Components
GE Aviation, a division of Boston-based General Electric, and Tata Advanced Systems Ltd., entered into a partnership to manufacture components for engine-maker CFM International at a new factory that they will build in Hyderabad, India. (CFM International is a joint venture between GE Aviation, and Safran Aircraft Engines of France.)...