India is #10 on the U.S trading partner list and was the tenth country called by President Biden, after Canada, Mexico, the United Kingdom, France, Germany. Russia. Japan, Korea and Australia. Note that there is no call with China yet. Most countries are allies or neighbors and the only rival...
Canada's Brookfield to Acquire Two Wind Farms in India
Canada's Brookfield Asset Management will acquire two wind farms from Hyderabad, India-based Axis Energy Ventures for $75 million The deal will be Brookfield’s first direct acquisition in the renewable energy space in India. In 2017, Brookfield acquired Missouri- and California-based SunEdison’s TerraForm Global Inc, a 300-megawatt portfolio in India as...
Brookfield Asset Management Acquires Leela Hotels
Brookfield Strategic Real Estate Partners III, a fund managed by Canada's Brookfield Asset Management, signed an agreement to purchase luxury hotel brand Leela Palaces and Resorts Limited from the holding company Hotel Leela Venture. The deal includes four luxury hotels located at Delhi, Chennai, Bangalore, and Udaipur, a land parcel...
Canada's Wattpad Partners with India's Times Bridge
Toronto, Canada-based social storytelling platform Wattpad, partnered with Redwood City, CA-headquartered Times Bridge, the global investments and partnerships arm of Indian media group The Times of India, to grow its presence in India. Wattpad uses machine learning to discover stand-out stories among the over 565 million stories on its platform,...
Magellan Aerospace Launches Manufacturing Facility in India
Ontario, Canada-based Magellan Aerospace Corporation opened a new manufacturing and assembly unit in India. The 100,000 square foot Magellan Aerospace (India) Private Limited is located near the Bangalore International Airport. The plant will specialize in high speed milling and turning of aerostructure and aeroengine components produced from both aluminum and hard...
Canada's AMP Solar Buys the Rest of India's Rudra Solarfarms
Mississauga, Canada-based AMP Solar had acquired a 49 percent stake in Rudra Solarfarms Limited a subsidiary of Suzlon Energy based in Pune, India, in December 2016. The Canadian global developer of flexible clean energy infrastructure, has now acquired the remaining 51 percent stake in Rudra Solarfarms for $2 million. Rudra...